News & Analysis

The commitment marks the second time the pension giant has partnered with a foreign manager to invest directly in Japan’s real estate market.

Peakside Capital Advisors intends to hold the 127-year-old Neo-Baroque-style property for the long term on behalf of a pension fund client.

Traditional and alternative managers, as well as institutional investors, provide a vote of confidence in the real estate market, according to Drew Murphy, partner and head of the private markets advisory practice at Berkshire Global Advisors.

The firm exceeded its initial target of $1.5bn for the opportunity fund.

Strong rental growth allowed the manager to exit portfolios of industrial and student housing assets three years earlier than planned.

The capital raising momentum comes amid an uptick in deployment, which is up 78% year-on-year in the asset class.

Graeme Torre’s successor Brian Hung has led the team’s entry into a number of new strategies in Korea and Australia over the past 12 years.

The investment arm of the French energy giant has acquired a 50% stake in the holding company of Savills IM’s European Living Fund.

Brookfield’s new real estate CEO readies a major initiative just months after taking the helm of one of the world’s largest managers.

Up-and-coming talent from across PEI Group’s under-40 lists share the sustainability and impact trends that are gaining momentum in alternatives.