Residential

The fund fell short of its predecessor in size, but ranks as the fourth-largest Europe-focused real estate equity fund closed this year.

The appointment follows reports that former real estate head Juan Manas had left for Australian real estate credit specialist Wingate.

Technological evolution and climate-related obsolescence are both emerging trends on real estate investors’ radar, but so is the potential reclassification of the entire asset class.

The vehicle’s capital sources are split between Asian family offices and institutional investors that include the South Korean pension fund.

The Alberta-based pension investor, in the middle of a leadership shakeup and portfolio rebalancing, saw real estate drag on its returns last year.

The managing director of real estate has departed the London-based firm after a three-year tenure.

The South Carolina-based manager and top US apartment owner has brought in HarbourVest’s Stephen Mullin to lead appeals to family offices, RIAs.

Institutional appetite is gaining pace to allocate to sectors that have infrastructure characteristics, writes James Jacobs, head of real assets for Lazard’s private capital advisory group.

The Boston-based manager closed its 10th diversified North American opportunistic vehicle on $1.77bn in commitments.

Former Lennar exec John W Gray succeeds retiring investment chief Rick Hurd as the Chicago-based firm looks to grow its development business.