Europe

The Toronto-based firm has attracted $4bn in commitments from more than 50 investors for Brookfield Real Estate Finance Fund VI, twice as much as the second-biggest debt fund.

Fund managers that rise to the challenge of linking compensation to ESG performance now are likely to reap the rewards in the medium to long term, says Sheffield Haworth’s director, infrastructure, private equity and asset management, Nicholas Sehmer.

Retrofitting existing assets to meet current ESG or tenant requirements will call for managers to raise new pools of capital.

With Carlyle’s $8bn fund joining the hunt for specialized real estate, competition for scalable platforms will be fierce after a wave of consolidations.

This is the second large-scale partnership between the Middle Eastern sovereign wealth fund and South Carolina-based real estate firm in Europe.

The UK-based manager has established its own framework to measure impact for its impact real estate funds slated for next year.

The private equity giant elevated one partner and six managing directors during a year of massive growth for its property business.

Property owners face tough decisions in the wake of increasing ESG and tenant requirements for their buildings.

‘Housing will be the key element to drive cities,’ Meridia Capital head Javier Faus said during the 2021 PERE America Forum.

The Nordic manager is buying an existing real estate credit business with a Munich-based team as part of wider plans to expand its core capabilities in the property sector.