Opportunistic

Henderson Park taps Cerberus veteran to aid US expansion

The London-based manager has hired Tyler Rothenberg as a managing director on its US team, which has nearly doubled in headcount since 2024.

Value-add strategies move into the spotlight

Capital raised for value-add funds has surged amid a scarcity of blockbuster fund closures or launches in the opportunistic space.

Starwood eyes ‘attractive entry point’ after $10.2bn close for Fund XIII

Launched in a ‘different environment’ for real estate in 2023, the firm’s latest flagship fund gathered enough momentum over the past year to top its $10bn fundraising goal.

Public REITs’ balancing act

The new entrants have closed some of the largest private real estate funds this year, but can they serve two disparate investor groups?

Secondaries funds punch above their weight in real estate fundraising

Secondaries-focused fundraising totals represented just 4% of private real estate fundraising in 2025, but the strategy continues to attract capital commitments.

Kayne Anderson’s Rabil: ‘You either adjust or you die’

With the manager’s real estate arm set to be acquired by Bridgepoint in a $1.4bn deal, CEO Al Rabil says investors’ changing allocation habits are driving a need to scale.

Invel closes second and largest Southern European fund

The manager has pulled in €400m for its oversubscribed opportunity fund focused on Greek and Italian markets.

LA Fire and Police urged to ‘get money to work’ in current market cycle

The California public pension considers building its allocation to niche real estate strategies as it pares down its public REIT exposure.

Japanese real estate investors raise return targets amid rising rates

The country’s institutions are recalibrating their core-heavy strategies to focus more on value-add opportunities.

Affordable housing or returns: The development equation

The need for affordable accommodation is acute, and an increasing volume of private capital is available to the sector, but making development projects ‘pencil’ remains challenging.