Hospitality

Why the Livingstone brothers’ L+R Group wants to raise third-party capital

The £12bn London-based family office is preparing to become custodians of institutional money predominantly within its hospitality specialization.

Canyon Partners beats target with first fund in US opportunity series

Having closed three real estate debt funds since 2021, the Dallas-based manager said it sees an attractive entry point for equity investments after a market reset.

Henderson Park taps Cerberus veteran to aid US expansion

The London-based manager has hired Tyler Rothenberg as a managing director on its US team, which has nearly doubled in headcount since 2024.

Hyatt Regency Grand Reserve, Puerto Rico: The sun after the storm

The property has undergone five rebrandings and was refurbished in August 2019, reopening under the Hyatt brand.

Value-add strategies move into the spotlight

Capital raised for value-add funds has surged amid a scarcity of blockbuster fund closures or launches in the opportunistic space.

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.

Schroders Capital on why recapitalization is more than just a liquidity tool

Recapitalizations are emerging as a way to bridge Europe’s funding gap, combining capital discipline with operating expertise to enable platforms to institutionalize and grow, say Schroders Capital’s Kieran Farrelly and James MacNamara.

Partners Group on navigating the ‘complex middle’ of bespoke mid-market secondaries

Real estate secondaries has come of age in a higher-rate world, but investors need to do more than price illiquidity to gain an edge, say Henrik Orrbeck and Stefan Lempen at Partners Group.

Invel closes second and largest Southern European fund

The manager has pulled in €400m for its oversubscribed opportunity fund focused on Greek and Italian markets.

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.