Fundraising

The amount of private real estate capital raised in the first half of the year fell by a third compared with H1 2020.

The Maryland-based firm completed the capital raise for Fund V at an expedited pace relative to its predecessor, despite the pandemic.

A successful fundraising by the secondaries business would help to prove investors are not concerned about a conflict of interest.

Landmark Real Estate Partners IX would overtake its 2018-vintage predecessor as the largest secondaries fund raised in the asset class.

APG and GIC have committed $400m each to the vehicle, but the Singapore-based firm has thoughts on expanding its investor base.

The vehicle is the second private real estate offering that the Canadian real estate company has launched in less than a year.

The Boston-based residential real estate investment firm has closed multifamily credit funds totalling more than $3.3bn this year.

The real assets business of the $9trn manager is targeting junior lending opportunities in Western European markets.

The New York-based firm nearly tripled its real estate AUM in one year after securing commitments to Europe and Americas funds.