Core

The Dutch insurer has backed three core and core-plus managers as it further expands its real estate exposure outside of Europe.

The quarter brought in just $30.74bn of capital from funds closed, meaning Q1-Q3 2026 fundraising equates to little more than half of 2025’s full-year total.

PEI Group data shows that investors and managers continue to prioritize technology-focused real estate despite a tougher fundraising environment.

After years of growth, data centers are no longer a niche alternative; they are booming and have become foundational exposure to investment portfolios and the global economy, say Mike Armstrong and Michael Lee of GI Partners.

Student housing is more than accommodation, it is critical infrastructure supporting students and enabling university growth, explains The Dot Group’s Nick Porter.

As PBSA has evolved into a mainstream institutional asset class, the drivers of outperformance have become more nuanced.

CBRE Investment Management’s indirect business is once again backing the Dutch manager’s retail parks strategy, but this time on behalf of a different capital base.

The Southern California pension is looking to deploy $700m into the asset class next year, with an eye for alternative sectors and discounted opportunities.

The lack of growth in regional, diversified open-end funds is causing investors to question the value of the structure, members heard at the PERE Europe Forum.

The vehicle, which includes a Japan-only sleeve aimed at domestic investors, is targeting returns of 10-12%.