Sectors

Fundraising woes drag down the PERE 100 and PERE 200

Bigger equity targets, more time in market and M&A activity all had an impact on managers’ diminishing capital raising power.

LACERS adds new manager amid calls for more opportunistic RE

The California pension has made its first real estate commitment since setting a reduced pacing plan targeting niche, distressed assets.

ESR sells one-third of stake in Cromwell Property Group

ESR will remain Cromwell’s largest shareholder, retaining a 19.9% shareholding, after selling 10.8% in a block trade.

TPG Next’s Pavkov: ‘We are acutely worse off as allocators’

The bleak fundraising environment has made it much more challenging for CalPERS’ and CalSTRS’ allocators to support new platforms.

CalPERS, CalSTRS executives address real estate rebalancing  

CalPERS looks to be ‘more tactical’ with office investments, while CalSTRS is ‘slowing down’ its pacing but expects opportunities from distress.

Brookfield’s Baron: The pressure on investors has eased

After Brookfield held an institutional close on what is set to be its largest-ever real estate fund, the firm’s CIO for real estate sees investors growing in confidence as transactions tick up.

TPG Angelo Gordon closes its largest-ever European real estate fund

Only 8% of the fund’s capital was raised from investors based in the region, while the majority came from Middle East and APAC investors.

Investcorp taps former Starwood REIT chief to grow US, Europe real estate platform

John McCarthy, who was SREIT’s CEO from 2017 to 2023, has joined the Bahrain-based manager’s real assets group as advisory director.

Kayne Anderson pledges $1.5bn to light industrial JV

The Los Angeles-based firm has partnered with industrial manager BKM Capital to acquire discounted assets throughout the US.

Blackstone changed the way it creates platforms for a key reason

Amid a shifting geopolitical landscape, the mega manager is taking a different approach to how it sets up its logistics businesses.