Regions

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.

Chien’s departure is the latest in a number of recent senior leadership changes in the Partners Group’s real estate business.

The Texas-based manager has pulled in $905m to date for the US-focused vehicle, backed by investors including Canadian pension La Caisse.

The manager acquired a non-controlling stake in a US portfolio assembled by public REIT Safehold, which has options to reacquire it after seven years.

The country’s institutions are recalibrating their core-heavy strategies to focus more on value-add opportunities.