Fundraising

While the largest diversified funds still rule the pack, capital is increasingly flowing to vehicles with a singular investment focus.

The contribution of Asia-Pacific-based firms to PERE’s real estate debt ranking is growing.

Harrison Street’s co-founder, chairman and chief executive Christopher Merrill explains how complexity can create value.

Uncertainty slowed transactions, says KSL Capital Partners’ chief executive and co-founder Eric Resnick, but the leisure travel sector was open to those with dry powder.

The manager has established a regional sidecar to invest alongside its flagship opportunistic global fund for the first time.

The Dallas-based manager closed the 10th fund in its flagship value-add series on $3.1bn, a 35% increase on the previous fund.

The Hong Kong-based firm has received an initial commitment of more than $400m from an anchor investor in the fund.

Although 38% of investors were overallocated to the asset class in 2023, only 27% plan to invest less capital this year.

The total of $138.93bn raised in 2023 represented a 41% drop from the $236.04bn raised in the 2021 fundraising peak.

The firm was aiming for $1.2bn for Value Fund VII, but raised the target last May, according to CEO Franz Colloredo-Mansfeld.