Fundraising

The vehicle’s capital sources are split between Asian family offices and institutional investors that include the South Korean pension fund.

The manager has purchased two assets via its Spa Property Fund and is in advanced discussions for a third.

The Boston-based manager closed its 10th diversified North American opportunistic vehicle on $1.77bn in commitments.

The New York-based manager, which traditionally sourced its capital from family offices, is also shifting its deployment focus to alternative sectors.

The PERE Podcast breaks down our just-released H1 2025 fundraising report – and why it is too early to declare a rebound for the asset class.

Massive capital hauls from Blackstone masked what was otherwise a tepid capital raising environment during the first half of the year.

Paul Brennan, co-head of real estate at the firm, says all the European fund’s investments so far have had a credit focus.

The multifamily specialist’s latest vehicle also marks the first time the firm is making rescue capital investments.

The close represents a major milestone for Zain Fancy and his firm Clifton Partners, which was founded in 2011.

The Maryland-based logistics specialist’s latest capital haul is nearly five times the size of its inaugural pan-European vehicle from 2020.