Middle East

The prevalence of non-mainstream products, such as debt and data center funds, have yet to be reflected amid tumbling fundraising totals.

With only $59bn raised in the first half of the year, 2024 is on track to be the worst fundraising year since 2012.

The growth of leisure travel is fueling the rebound of the global hospitality sector across all segments.

Crunching the numbers on PERE’s flagship manager rankings reveals the uneven impact of ongoing fundraising headwinds.

Private real estate’s largest managers are maximizing their chances of fundraising success during a challenging market environment.

Among the $20bn raised by the Toronto-based firm during the period was $2.2bn for its fifth flagship real estate fund, BSREP V.

Discounted pricing combined with rental growth prospects for high-quality assets are creating ideal market conditions for value-add strategies to flourish.

With only $19.8bn raised, the first quarter of 2024 recorded the lowest Q1 fundraising amount since 2011 when $15.2bn was corralled.

The partial exit by the Toronto-based manager and its joint venture partner Investment Corporation of Dubai is a marker for institutional investors looking at doing business in the region, Jad Ellawn, Brookfield’s head of Middle East, told PERE.

The new recruit completes the Atlanta-based manager’s global hiring spree of senior capital raisers over the past year.