Regions

Partners Group holds first close for latest real estate secondaries strategy

The manager has secured more than $650m across a global program focused primarily on GP-led secondaries but seeded with an LP-led fund portfolio.

JPMorgan Private Bank ‘revisiting a lot of real estate managers’

Asia head of alternatives Albert Yang sees property coming back after a challenging period for the asset class.

CalPERS discloses $800m in commitments to Sculptor, BGO

The California pension giant committed $6.3bn to real estate funds altogether last year.

Hines’ Munk wants LPs in public REITs’ private funds to ‘wake up’

The executive at the Houston-based manager believes the vehicles are problematic not just for investors but for the industry overall.

NPS pivots towards more bespoke vehicles in real estate

The Korean investor is leaning into club deals, SMAs and direct investments to sharpen strategy, cut costs and speed up investments.

EQT sets $6bn target for its US next industrial fund

If met, the fundraising goal for the manager’s latest flagship vehicle would place it among the largest single-sector funds ever raised.

Oregon State Treasury considers trimming RE allocation

The investor plans to maintain a ‘conservative’ posture in the asset class amid recommendations to rebalance its portfolio.

NBIM and Canadian pensions back TPG in $2bn US retail deal

San Francisco-based TPG is acquiring grocery-anchored strip mall specialist ECHO Realty in partnership with Norwegian wealth fund NBIM and Canada’s PSP and La Caisse.

Brookfield forms C$1bn industrial JV with pension-owned developer

The firm partnered with Vancouver-based Concert Properties on a 50:50 venture involving a 5 million-square-foot Canadian logistics portfolio.

Digital Realty CEO Andy Power: Private fundraising is ‘critical to the success of our company’

The global data center REIT boss talks to The PERE Podcast about why its multi-series, multi-region private fundraising push is essential for a capital-intensive opportunity that is only ‘ratcheting up.’