Debt

Bolstered by two Blackstone funds, capital raising volume for the quarter marked the first year-on-year increase for a Q1 total since 2022.

Five executives have been elevated to key global or regional roles as part of the Miami-based manager’s long-term succession planning.

Spear Street Capital purchased the 31,000-square foot mixed-use property for $40m in March, with a $24m loan from a Blackstone Real Estate Debt Strategies fund.

Three major themes emerge in real estate secondaries as private equity investors and fund managers look for liquidity.

Lenders and borrowers need to come to terms with more than $2trn of near-term maturities, according to attendees at the CRE Finance Council conference in January.

On The PERE Podcast, Randy Plavajka, Guelda Voien and Lucy Scott discuss the evolution of the green financing mechanism and the industry’s attitudes toward decarbonization.

The firm is also in the market with its Australia debt vehicle, which is expected to reach a final close at the end of 2025.

The New York manager picked up large commitments from CalPERS and the UK’s Border to Coast Partnership in addition to other public pensions.

On The PERE Podcast, REC Europe’s Dan Cunningham and PERE Credit’s Sam Rowan and Randy Plavajka discuss a sea change in private credit and what it means for the market.

Tina Pristovsek and Hala El Akl of Oxford Properties explain why borrowers’ energy emissions data should be mission critical for lenders.