Managers

Fortress’s Sloan: ‘Everyone stepped up’ after Pack’s passing

The New York-based manager’s global head of real estate says the firm still expects to double its AUM in the asset class over the next five years, despite the shocking death of co-CEO and former co-real estate head Joshua Pack.

Bain Capital, 11North raise $1.6bn for shopping center platform

The managers plan to raise additional capital for their venture focused on grocery-anchored assets in the US and Canada.

PIMCO closes record-breaking European data center fund

The fundraise, which more than doubled its original capital target, represents the largest ever real estate vehicle dedicated to European data centers.

Mubadala backs Barings in $500m global property credit JV

Both the Abu Dhabi wealth fund and Barings’ parent MassMutual will contribute capital to a venture focused on US, Europe and Asia-Pacific debt opportunities.

Blackstone, DivcoWest ink $2.3bn deal for Hawaii’s Alexander & Baldwin

The managers seek to take private one of the Aloha State’s largest and oldest landowners, with a portfolio of four million square feet across various sectors.

La Française Real Estate Managers appoints new CEO

Philippe Depoux, current chairman of the Paris-based manager, will retire at the end of the year.

Tishman Speyer forms separately managed account for German investor

The US manager seeded the vehicle with the purchase of an office building in Paris.

Sun Life’s private markets manager targets double AUM under Kalsi leadership

Private real estate veteran Sonny Kalsi is to lead a growth strategy for Sun Life Capital Management, which aims to see its assets under management double to $600bn within five years.

Private real estate investors divided over NYC revival

Executives from La Caisse, Blackstone and Hines are as bullish as ever on the world’s largest office market, while CBRE co-CEO Adam Gallistel sees greener pastures in Europe.

Wentworth launches private credit platform with SHK seed commitment

The platform, which is backed by the Asian alternative investment platform, will focus on transitional lending in the mid-market.