Opportunistic

Net IRR dispersion is widening once more

A broader range of return outcomes among vintage-2023 funds demonstrates the impact of the market correction on private real estate performance.

Iran War delays private real estate comeback, says Blackstone’s Gray

Citing strong performance this year by listed REITs, Blackstone’s president expects a private-sector recovery as soon as borrowing rates and volatility ‘start to settle down.’

Townsend raises $2bn for real estate secondaries

The multi-manager has already deployed $1bn out of its latest secondaries fund and related vehicles, with an early emphasis on data center investments.

DOWNLOAD: Real estate fundraising falls to nine-year low in H1 2026

Although the aggregate capital raised was muted, about 70% of funds that closed in the first-half either reached or exceeded their target size at final close.

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.