Fundraising

The 10 largest funds accounted for 43 percent of capital raised for closed-end private real estate vehicles in the first half of 2026, more than double 2021’s share.

Leveraging the global real estate footprint of its principal client bpfBOUW, the Dutch firm is for the first time offering international mandates to other institutions.

As the group evolves from pure development to asset-light investment management, it is preparing to open its development pipeline to outside investors.

The first PERE Core 100 manager ranking comes as institutional appetite for real estate’s lowest risk and return profiles is expected to return.

PERE has started ranking managers by their fundraising for core and core-plus risk and return profiles at a widely anticipated transitional time for private real estate.

Nearly 90% of the equity raised by Core 100 managers went into sector-specific vehicles, with residential and industrial attracting the largest shares.

Looking to build an investment platform rivaling its property management empire, the firm is targeting $1bn for a logistics fund with plans for another in the living sector.

Funds closed in H1 2026 that raised over $5bn spent more than three times as many months on the road as similar-sized funds did five years ago.

The New York-based manager pulled in $350m, plus another $120m in co-investments, to target opportunistic, distressed and special situations across the US.

The New York-based manager has focused on investments with shorter hold periods in order to return capital more quickly to investors.