Sectors

StepStone raises largest-ever real estate secondaries fund with $4.5bn haul

The record fundraise bests a previous mark set by Goldman Sachs as the manager aims to take advantage of tariff turmoil.

DOWNLOAD: Q1 2025 fundraising showed early signs of recovery

Bolstered by two Blackstone funds, capital raising volume for the quarter marked the first year-on-year increase for a Q1 total since 2022.

BGO makes senior leadership changes

Five executives have been elevated to key global or regional roles as part of the Miami-based manager’s long-term succession planning.

Prologis’s public-private juggling act

Being a public REIT with a private capital business will require adeptly managing potential conflicts between the two.

Prologis doubles down on private capital

The world’s largest REIT faces a daunting fundraising market, but the top executives in its strategic capital business are up for the challenge.

StepStone Group on finding opportunities in market turmoil

Illiquid markets and overleveraged assets have opened a slew of GP-led secondaries deals, says Jeff Giller of StepStone.

Secondaries provides inroads to in-demand sectors

As high interest rates, depressed values and fluctuating markets continue to squeeze investors, real estate secondaries is flourishing.

GLP returns with first data center fund in China

The vehicle also is the firm’s first fund raised since the sale of GCP’s international business to Ares Management.

CalSTRS backs emerging data center firm amid $1.2bn allocation spree

The teachers pension’s biggest real estate commitment last year was to a new relationship with hyperscale developer BlackChamber Group.

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.