Managers

The Los Angeles-based manager’s PCCP Equity X and PCCP Credit XI both rank among the top 10 largest funds closed this year.

The Los Angeles-based manager and Canadian pension’s joint venture includes a 5.2m square-foot seed portfolio and plans for more acquisitions.

The asset management giant’s global chief investment strategist believes labels do not capture more nuanced opportunities in the asset class.

The vehicle, which includes a Japan-only sleeve aimed at domestic investors, is targeting returns of 10-12%.

Through its merger with European manager Stoneshield, Clarion Partners is marking its entry into opportunistic strategies outside of its home region.

Nadeem Meghji is stepping down less than a year after assuming sole leadership of the mega-manager’s $608bn real estate business.

The $1.1bn final close follows the manager’s 2023 acquisition of sale-leaseback specialist Trio Investment Group.

The California-based manager has raised both its largest fund and co-investment vehicle with Whitman Peterson Partners V.

The $218m vehicle beat its target size and attracted significantly more capital than its predecessor.

The PERE Podcast dives into our first-ever fundraising ranking based on real estate’s lowest risk-return profile, and why manager optimism suggests it demonstrates a market floor.