North America

The few managers that have developed strategies focused on real estate decarbonization are benefiting from significant market tailwinds.

Switzerland-based Partners Group deploys capital from its latest secondaries strategy to join existing Adler investors in $343m continuation vehicle.

While 63% of capital providers remain below their allocation targets, this does not mean they can easily upsize their checks.

The largest commitment of H1 2026 – ADIA’s $675m check to Kotak India Real Estate Fund XIV – came in at roughly half the size of last year’s $1.3bn top check.

Norway’s sovereign wealth fund manager, a shareholder in both companies, said it understood ‘the strategic rationale for a combination’ between Prologis and Segro.

Around 18 months after ending its US multifamily program and refocusing on the industrial sector, the manager’s real estate arm is preparing a fresh diversification push.

The multi-manager has already deployed $1bn out of its latest secondaries fund and related vehicles, with an early emphasis on data center investments.

The New York-based manager’s latest property vehicle has already surpassed the size of its predecessor, which it closed two years ago.

The Quebec pension has committed $3.3bn to US real estate since the start of 2025 as it recycles its portfolio to aim for higher returns.