Regions

Once more of a rarity in fundraising, rolling first closes are increasingly becoming a make-or-break factor for managers during a difficult capital-raising environment.

The asset manager raised 60% of the commitments for its latest opportunistic real estate vehicle from new investors.

The country’s biggest pension plans are undergoing significant changes that could have wider implications for their real estate investment activity.

He believes investors will want to capitalize on strong risk-adjusted returns for credit investments before rates come down later this year.

While costs have been rising for the past decade, they are now having an impact on investment decision-making.

Two fund closings this week demonstrate how targeting below-average deal sizes can give managers an edge.

The firm is looking to deploy most of the $915m raised for the vehicle into deals averaging $10m in size.

The New York- and London-based manager has reduced the fund’s target deal size as a reflection of where it sees distress emerging.

The transaction is the third in the New York-based firm’s minority stakes strategy investing in real estate managers.

Although the proposed transaction still has many unknowns, some impacts of the deal are apparent even at this early stage.