North America

The firm has a $3bn target and more rigid sector allocations for Realty Value Fund XII, the first launch in the global series since Angelo Gordon’s acquisition by TPG in 2023.

While the classic succession model in private real estate involves a single heir apparent, multiple founder-led businesses are prioritizing optionality instead.

Having resigned less than a year after he joined in September 2025, Ando will stay on in an advisory role for the next few months.

The Dutch investor’s CEO explains the significance of the group’s first-ever proposal for a reciprocal tax framework to boost cross-border pension investment.

Following a multi-year selection process, two senior executives have been elevated as eventual heads of the business, while three have departed the secondaries manager.

The California public pension considers building its allocation to niche real estate strategies as it pares down its public REIT exposure.

The Canadian pension cited residential oversupply and domestic immigration policy as contributors to the portfolio’s -7.3% return in fiscal 2026.

With the Iran war exposing the volatility of energy pricing and the fragility of global supply, real estate managers consider how renewable energy can help mitigate the risks.

PERE’s debut ranking of the top 100 private real estate credit fundraisers is preceding a cycle where managers are expected to play a more significant role in refinancing and supporting the real estate industry’s transaction momentum.

The strategy is regaining its appeal as other real assets become more vulnerable amid heightened geopolitical tensions, writes Josh Pristaw, president at Clarion Partners, real estate investment manager of Franklin Templeton.