Alternatives

Blue Owl closes record-setting debut European net lease fund

The vehicle is the largest-ever dedicated to the regional strategy and the third-largest raised for net lease investments overall.

Apollo has made a surprising pivot in real estate fundraising

The New York-based manager’s shift in capital raising focus reflects the industry’s wider evolution.

Stonepeak holds anchor close on second real estate fund

The New York-based manager’s latest property vehicle has already surpassed the size of its predecessor, which it closed two years ago.

Lazard: Investors place premium on operational real estate

Institutional investors are increasingly focused on sectors that require active management, according to James Jacobs, head of real assets for Lazard’s private capital advisory group.

Greystar’s head of capital formation joins Hawkeye Partners to grow fund platform

Jennifer Ciullo, a nine-year veteran of the resi giant, comes to Hawkeye as the firm expands from seeding emerging managers to launching its own real estate funds.

Mississippi PERS sees early recovery from core managers’ rebalancing

Although the firms all leaned more heavily into niche strategies, they diverged on how to recalibrate their office exposures going forward.

Kayne Anderson’s Rabil: ‘You either adjust or you die’

With the manager’s real estate arm set to be acquired by Bridgepoint in a $1.4bn deal, CEO Al Rabil says investors’ changing allocation habits are driving a need to scale.

BCI’s private real estate portfolio declines for third straight year

The sector, which represents 20% of the Canadian pension’s total portfolio, has been its only negatively performing asset class since 2023.

TPG Angelo Gordon adopts ‘top-down’ approach for latest flagship fund

The firm has a $3bn target and more rigid sector allocations for Realty Value Fund XII, the first launch in the global series since Angelo Gordon’s acquisition by TPG in 2023.

LA Fire and Police urged to ‘get money to work’ in current market cycle

The California public pension considers building its allocation to niche real estate strategies as it pares down its public REIT exposure.