Managers

Prologis CEO Hamid Moghadam to retire at year-end

After more than 40 years leading the logistics giant and its predecessor, AMB Property, Moghadam will be succeeded by company president Dan Letter.

Fiera’s UK real estate arm closes largest-ever fund

Having deployed 85% of the fund’s capital, the manager is back on the road raising the second iteration in its development-led UK logistics series.

Patrizia makes US direct real estate debut amid internal reorg

The German manager is actively expanding beyond Europe, but its investment in a US data center developer was ‘not driven geographically,’ according to head of investment division James Muir.

Barings agrees to buy Artemis Real Estate Partners 

The takeover of female-founded Artemis by MassMutual’s investment arm would create a top 30 PERE 100 manager.

Brookfield nears final close on BSREP V after raising another $500m in Q4

Executives say retail and high-net-worth investor channels will bolster momentum for its real estate strategies this year.

Ares wants to be a two-in-one manager for investors

Most managers raise either diversified or sector-specific real estate funds. Los Angeles-based Ares is looking to do both.

PAG raises its biggest opportunistic fund at $4bn

PAG saw the participation of Asian investors rise substantially with Fund VIII, increasing to 40% from 25% in the prior fund.

StepStone’s real estate secondaries fund surpasses predecessor by $1bn

StepStone Real Estate Partners V will focus on manager- and investor-led real estate deals in the US.

Big names exit Nuveen in client team shake-up

Former global client chief Mike Perry and alternatives products head Keith Jones have left the $1.3trn firm, which is targeting $2trn in assets by 2030.