Industrial

Investcorp launches $526m venture for US industrial

The venture is backed by two sovereign wealth funds and follows a 2021 industrial partnership with the same investors.

Logistics was always the prize for ESR, complexity the price

ESR’s sale of ARA Private Funds demonstrates the lengths the logistics powerhouse went to secure market share in the sector in Asia.

ESR’s ARA Private Funds sale has three carve-outs

Although the firm will continue to own other parts of ARA Asset Management, the APF sale itself includes notable exclusions.

Deep Dive: Why 2024 looks bright for the sector-specialists

While the largest diversified funds still rule the pack, capital is increasingly flowing to vehicles with a singular investment focus.

Investors pivot from Asia to the West for higher returns

Hong Kong’s AIA, Malaysia’s KWAP and Employees Retirement System of Texas are among those looking to prioritize opportunities in the US.

VIDEO: QIA’s Chamdia sees higher rates as an ‘opportunity’

At the PERE Network Asia Summit, the sovereign fund’s global head of real estate said elevated rates had made the sector less competitive.

Crow Holdings Capital closes its biggest fund yet

The Dallas-based manager closed the 10th fund in its flagship value-add series on $3.1bn, a 35% increase on the previous fund.

ESR targets $5bn for Korea’s first open-end core logistics fund

The Hong Kong-based firm has received an initial commitment of more than $400m from an anchor investor in the fund.

Hodes Weill’s Hodes: 10% fund reserves are now ‘insufficient’

Most assets need an additional 15-20% in reserves to address refinancing issues, according to the advisory firm’s co-founder.

DOWNLOAD: Investor appetite for private real estate remains robust for 2024

Although 38% of investors were overallocated to the asset class in 2023, only 27% plan to invest less capital this year.