Regions

The same KOSPI surge that squeezed liquidity at mutual aids has handed public pensions a chance to boost their alternatives exposure.

Clarion Partners will fold Stoneshield into its European business, but it has compelling reasons to keep the platform distinct.

Banks have remained relatively static participants in mid-market commercial real estate deals from 2024 to date.

Nadeem Meghji is stepping down less than a year after assuming sole leadership of the mega-manager’s $608bn real estate business.

The $1.1bn final close follows the manager’s 2023 acquisition of sale-leaseback specialist Trio Investment Group.

The Chicago-based manager has expanded its US capital formation team following fundraising staff expansion in Asia earlier this year.

The California-based manager has raised both its largest fund and co-investment vehicle with Whitman Peterson Partners V.

The $218m vehicle beat its target size and attracted significantly more capital than its predecessor.

Investors demand substantially more compensation for taking liquidity risk in office markets than they do in industrial, writes Tom Leahy, head of EMEA real assets research at MSCI.

The platform bypasses managers such as Blackstone and Brookfield in favor of smaller, specialized firms for wealthy client portfolios.