Regions

Second quarter earnings calls at KKR, Ares and Carlyle in the last week start to substantiate claims of a market turnaround.

The manager’s open-ended Evergreen Fund contributed equity to the deal, which was financed by a Corebridge Financial loan.

Owners considering sales may want to bring assets to the market sooner rather than later, says Rasheed Hassan, head of global cross-border investment at Savills.

The manager, founded by Blackstone veteran Tyler Henritze last year, made its first publicly disclosed investment via a newly formed joint venture.

Commitments to the firm’s latest opportunistic strategy are ‘materially higher’ than the figure revealed in its earnings statement, says CEO Harvey Schwartz.

The Los Angeles-based manager also expects to hold two real estate fund closes over the next two months.

The prevalence of non-mainstream products, such as debt and data center funds, have yet to be reflected amid tumbling fundraising totals.

Real estate equity in the US and Asia helped to drive the firm’s Q2 deployment in real assets to the highest level in over two years.

With only $59bn raised in the first half of the year, 2024 is on track to be the worst fundraising year since 2012.

CalSTRS’s emissions tracking highlights the difficulties of decarbonization