Alternatives

Recapitalizations seen driving 2025 transaction activity

Lenders and borrowers need to come to terms with more than $2trn of near-term maturities, according to attendees at the CRE Finance Council conference in January.

Jadian Capital lines up $2bn for second fund, 40% above target

Eyeing an eclectic mix of niche property types, the manager more than tripled the haul of its previous opportunistic vehicle.

Hillhouse’s Rava Partners to launch $2bn-plus second fund

Co-led by Warburg Pincus’s former partner Joe Gagnon, the firm deployed approximately 40% of Fund I’s capital in 2024.

‘This is the moment to act’: KKR, Blackstone and the race to snap up UK REITs

On The PERE Podcast, Jonathan Brasse, Evelyn Lee and Randy Plavajka examine a trio of takeover attempts targeting London-listed property investors.

Non-traditional core funds are on the rebound

Alternatives-focused vehicles in the lower-risk, lower-return strategy are seeing a resurgence in demand.

UBS real estate veteran teams up with Aboria Capital

Eric Byrne, who co-founded UBS Asset Management’s real estate and private markets multi-manager business, will support the emerging UK firm as senior adviser.

Blackstone raises $8bn for fifth debt fund, matching predecessor

The New York manager picked up large commitments from CalPERS and the UK’s Border to Coast Partnership in addition to other public pensions.

Harrison Street: Creating opportunities in alternative assets

Christopher Merrill, co-founder, chairman and chief executive officer of Harrison Street, highlights a year of strategic investments across target sectors, record dispositions and platform expansion.

Neuberger beats target with $1bn haul for secondaries vehicle 

A lengthy fundraising cycle paid off for the manager’s RESOF II, which dwarfed its predecessor by 50%.