Managers

The firm has a $3bn target and more rigid sector allocations for Realty Value Fund XII, the first launch in the global series since Angelo Gordon’s acquisition by TPG in 2023.

Texas Permanent School Fund is among the investors backing the Boston-based manager’s value-add fund targeting German and Dutch logistics properties.

Having resigned less than a year after he joined in September 2025, Ando will stay on in an advisory role for the next few months.

Following a multi-year selection process, two senior executives have been elevated as eventual heads of the business, while three have departed the secondaries manager.

With the Iran war exposing the volatility of energy pricing and the fragility of global supply, real estate managers consider how renewable energy can help mitigate the risks.

PERE’s debut ranking of the top 100 private real estate credit fundraisers is preceding a cycle where managers are expected to play a more significant role in refinancing and supporting the real estate industry’s transaction momentum.

The strategy is regaining its appeal as other real assets become more vulnerable amid heightened geopolitical tensions, writes Josh Pristaw, president at Clarion Partners, real estate investment manager of Franklin Templeton.

Chien’s departure is the latest in a number of recent senior leadership changes in the Partners Group’s real estate business.

The Texas-based manager has pulled in $905m to date for the US-focused vehicle, backed by investors including Canadian pension La Caisse.

A year after ESR’s privatization, Josh Daitch’s exit comes as the firm prepares to welcome former Lendlease CEO, investment management, Justin Gabbani as head of fund management.