Opportunistic

Lazard: Liquidity is returning, albeit selectively

A recovery in activity levels is forming as institutional appetite turns positive during the first half of 2024, says James Jacobs, head of real assets for Lazard’s private capital advisory group.

PIMCO makes senior real estate leadership changes

Five executives at the California-based investment manager have assumed new roles as two other professionals have left the firm.

Macquarie targets distress, decarbonization with new fund

The asset manager raised 60% of the commitments for its latest opportunistic real estate vehicle from new investors.

Hana Financial’s Kim: Korean investors will be flocking to debt funds

He believes investors will want to capitalize on strong risk-adjusted returns for credit investments before rates come down later this year.

Bigger is not always better for dealmaking 

Two fund closings this week demonstrate how targeting below-average deal sizes can give managers an edge.

GIC teams up with Vlinker to invest in Chinese multifamily

The joint venture marks the first time the firm has set up a direct investment vehicle with a single institutional investor.

Meadow Partners closes Fund VI with revised investment focus 

The New York- and London-based manager has reduced the fund’s target deal size as a reflection of where it sees distress emerging.

Carlyle eyes one-and-done close for 10th opportunity fund

With a target of $8bn, Carlyle Realty Partners X is shaping up to be one of 2024’s largest fundraises.

CalPERS looks to ‘move up the risk curve’ in real estate

The largest US pension fund eyes non-core funds for its next round of allocation to the asset class.

PSERS makes first real estate commitment of 2024

The pension plan has made significant headway toward its annual pacing target with a $300m investment in Carlyle Realty Partners X.