Residential

The €5.1bn acquisition of the insurer’s investment management business by the bank would also see the latter’s real estate business become significantly more diversified.

The manager’s open-ended Evergreen Fund contributed equity to the deal, which was financed by a Corebridge Financial loan.

Commitments to the firm’s latest opportunistic strategy are ‘materially higher’ than the figure revealed in its earnings statement, says CEO Harvey Schwartz.

The Milan-based manager will convert the property into student housing following the 2026 Winter Games.

With only $59bn raised in the first half of the year, 2024 is on track to be the worst fundraising year since 2012.

The ‘significant’ capital injection allows Quintain to finalize the latest phase of the 85-acre estate.

The London-based firm is expanding in North America with an opportunity fund backed by the Arizona Public Safety Personnel Retirement System.

Commitments and deployment accelerated significantly over the last three quarters.

The UK manager has closed its fifth value-add diversified fund and is seeking further capital for sector-specific side vehicles.

Local government pension schemes committed an aggregate £275m across two affordable housing funds last week.