Core-Plus

TPG’s China real estate boss to depart after two decades

The retirement of China co-head Ken Ng comes amid a wave of senior changes across the firm’s Asia real estate platform.

Apollo has made a surprising pivot in real estate fundraising

The New York-based manager’s shift in capital raising focus reflects the industry’s wider evolution.

Net IRR dispersion is widening once more

A broader range of return outcomes among vintage-2023 funds demonstrates the impact of the market correction on private real estate performance.

Cohen & Steers scores pension backing for fund mixing listed and private real estate

The New York-based manager has raised $279m a year after launching the vehicle, which seeks to outperform the ODCE Index with tactical allocations to specialist REITs.

Apollo raises $850m to acquire manufactured housing parks

The New York-based manager has held a first close for an open-end vehicle meant to capitalize on prefab-friendly policy changes.

Iran War delays private real estate comeback, says Blackstone’s Gray

Citing strong performance this year by listed REITs, Blackstone’s president expects a private-sector recovery as soon as borrowing rates and volatility ‘start to settle down.’

AEW appoints European investor relations lead

Bianca Kraus has been promoted from head of investor relations in Germany to lead capital raising across the region.

Hong Kong’s Link hires Redevco’s Slater as incoming CEO

Despite the executive’s experience with building a private funds platform, he will not lead that effort at his future firm.

Australia’s Rest eyes US property in private markets ramp-up

Private markets head Marina Pasika on why the superfund avoids ‘bucketing’ its portfolio by asset class and how its thematic view extends to unlisted real estate.

NBIM doubles down on US retail with $500m commitment

The Norwegian wealth fund’s venture with Charlotte-based Asana Partners follows last month’s investment in US shopping center owner ECHO Realty.