North America

Even after closing its ninth value-add fund on $2.3bn, the Dallas-based firm remains committed to its property-by-property approach to deployment.

The alternatives giant’s vehicle would be the second-largest pot of capital dedicated to the strategy so far.

The Maryland-based firm completed the capital raise for Fund V at an expedited pace relative to its predecessor, despite the pandemic.

Bad press will not stop private equity from gaining a greater share of the single-family rental sector.

As the single-family rental space grows in popularity with institutional investors, strategies centered on affordability are gaining traction, too.

Single-family rental homes are fast becoming a favorite property type for institutional capital. But investing in the space requires enduring negative media.

PERE investigates why the asset class has caught investors’ attention, and where opportunities to deploy capital exist.

Community organizers cited the secondaries firm’s 2019 investment in Pretium Partners, whose portfolio company HavenBrook is facing scrutiny.

As covid-19 restrictions ease, investors are becoming more active. But the assets they want are changing, says James Jacobs, head of real estate for Lazard’s private capital advisory group.

A successful fundraising by the secondaries business would help to prove investors are not concerned about a conflict of interest.