Regions

The pandemic has helped to facilitate the conversion of troubled assets in the sector. But such activity is not for the faint of heart.

The private equity giant took a different exit route in splitting from its indirect real estate platform than other sub-scale businesses in recent years.

PERE hears from an investor in each major region about what real estate debt means to their respective organization.

Real estate debt managers drew ample investor support for strategies ranging from senior debt to special situations, despite unprecedented uncertainty in the global macroeconomic environment.

PERE’s latest ranking of the largest real estate debt fund managers shows covid-19 has been no obstacle for the asset class.

After announcing plans to privatize its listed real estate platform earlier this year, the firm will now try to raise its biggest private fund ever.

Capturing nearly 60% of the sector-specific private real estate capital raised in last quarter, housing funds are proving they are able to maintain institutional support.

With nearly $8bn raised last quarter, open-end vehicles accounted for 90% of real estate capital inflows for Blackstone – and it sees room for further growth.

Two Sigma, a financial sciences company with $58bn in assets under management, has launched a real estate investment management business that will initially focus on North America.

Although the bulk of capital raised during the quarter went to diversified strategies, sector-specific funds were allocated to only three property types.