Sectors

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.

Starwood eyes ‘attractive entry point’ after $10.2bn close for Fund XIII

Launched in a ‘different environment’ for real estate in 2023, the firm’s latest flagship fund gathered enough momentum over the past year to top its $10bn fundraising goal.

Newport Capital Partners on the resurgence of everyday essential retail

Capital is once again returning to the retail sector in a big way, say Newport Capital Partners’ Derrick McGavic and Josh Kagan.

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.

Public REITs’ balancing act

The new entrants have closed some of the largest private real estate funds this year, but can they serve two disparate investor groups?

Mississippi PERS sees early recovery from core managers’ rebalancing

Although the firms all leaned more heavily into niche strategies, they diverged on how to recalibrate their office exposures going forward.

Kayne Anderson’s Rabil: ‘You either adjust or you die’

With the manager’s real estate arm set to be acquired by Bridgepoint in a $1.4bn deal, CEO Al Rabil says investors’ changing allocation habits are driving a need to scale.

BCI’s private real estate portfolio declines for third straight year

The sector, which represents 20% of the Canadian pension’s total portfolio, has been its only negatively performing asset class since 2023.

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.