Opportunistic

Blackstone raised $8bn for its closed-end real estate funds last year

‘We see that we’re firmly on this recovery path for real estate,’ said the manager’s president and COO, Jon Gray.

First-time manager Alpaca raises $100m for tech-driven fund

New York Common is among the backers of the firm’s first opportunistic vehicle.

CIM Group makes senior hires to expand global investor coverage

The firm has hired two capital market veterans from Harrison Street and Argo Infrastructure to lead the fundraising effort in EMEA and APAC.

Investor trio backs Matter’s UK single-family rental platform

UBS, GCM Grosvenor and Abrdn have committed £145m across two funds managed by Matter Real Estate for its Placefirst housing business.

KKR makes real estate, infrastructure leadership changes

The two businesses – which together account for $157bn of AUM – will comprise the firm’s newly created real assets platform.

China’s appeal declines further among real estate investors

For the first time, no Chinese locations appeared among property investors’ top 10 cities in CBRE’s Asia-Pacific investor intentions survey. ANREV’s own recent poll indicates a similar sentiment.

Harrison Street raises $600m for first data center fund

The Chicago-based manager closed the US-focused vehicle after just 12 months on the road.

Multifamily specialist Platte Canyon launches with Inceptiv backing 

The manager is targeting sub-institutional deals in five US markets.

PIMCO boosts European data center fund target to €1bn

Canadian pension investor Ivanhoé Cambridge is understood to be among the investors behind the fund’s latest round of commitments.

JPI, Pinnacle launch debut workforce housing fund

The Dallas-based multifamily developer is teaming up with the Seattle-based opportunity zone specialist for the former’s first-time vehicle.