Opportunistic

Four key takeaways from the 2024 PERE 100 and PERE 200

Crunching the numbers on PERE’s flagship manager rankings reveals the uneven impact of ongoing fundraising headwinds.

Brookfield’s Asia real estate veteran to depart

Stuart Mercier was responsible for establishing the Canadian group’s overall business in China before he expanded into a more regional role.

The PERE 100 and PERE 200 are moving sideways

In a tough fundraising market, the largest managers are increasingly utilizing co-investment vehicles and separate accounts to stay competitive.

Former Blackstone exec finishes debut fundraise in nine months

Town Lane, founded by Tyler Henritze, closed the fund at its hard-cap without the help of an IR team or placement agent.

Cromwell to refocus on the Australian market after Europe unit sale

The firm will shift to being a local manager given the difficulties of being global without vast scale, according to Cromwell’s CEO.

Patron Capital closes seventh opportunistic fund in ‘brutal’ market

Founder Keith Breslauer says most US investors were not interested in pursuing distress in Europe, perceiving a greater opportunity at home.

TPG to step up real estate deployment with $15bn of dry powder

Included in the firm’s arsenal of capital is $2.5bn raised for two Asia real estate funds following its acquisition of Angelo Gordon.

Brookfield’s Teskey: ‘This was the best Q1 fundraising quarter we’ve ever had’

Among the $20bn raised by the Toronto-based firm during the period was $2.2bn for its fifth flagship real estate fund, BSREP V.

Stoneshield raises €750m for third opportunistic vehicle

The Southern Europe-focused manager took just five months to reach a final close for the fund, well below the European average.

KKR is eyeing more core real estate investments

During the firm’s first quarter earnings call, senior executives said ‘interesting’ opportunities were arising in the lower-risk strategy.