Managers

The New York-based manager pulled in $350m, plus another $120m in co-investments, to target opportunistic, distressed and special situations across the US.

Over 70% of mergers so far this year involved a full or majority purchase, a shift from 2025, a Hodes Weill report found.

As the London-based manager nears significant closes for a reimagined opportunity fund and its latest debt vehicle, the firm’s high-profile founder describes today’s private real estate capital markets as ‘just stuck.’

The New York-based manager has focused on investments with shorter hold periods in order to return capital more quickly to investors.

Having closed three real estate debt funds since 2021, the Dallas-based manager said it sees an attractive entry point for equity investments after a market reset.

Between flagship real estate fundraises, the New York-based manager has prioritized deployments into manufactured housing, outdoor storage and medical offices.

The New York-based manager plans to use proprietary AI for an opportunistic strategy mainly targeting US residential and industrial properties.

Among the four funds nearing a first close is TPG Real Estate Partners V, the largest real estate fund in market with its $8.5bn target.

The vehicle is the largest-ever dedicated to the regional strategy and the third-largest raised for net lease investments overall.

The retirement of China co-head Ken Ng comes amid a wave of senior changes across the firm’s Asia real estate platform.