Opportunistic

The Los Angeles-based manager’s PCCP Equity X and PCCP Credit XI both rank among the top 10 largest funds closed this year.

Vehicles targeting the strategy needed less than half the time in market of their equity counterparts that closed in the first half-year.

Clarion Partners will fold Stoneshield into its European business, but it has compelling reasons to keep the platform distinct.

Through its merger with European manager Stoneshield, Clarion Partners is marking its entry into opportunistic strategies outside of its home region.

The California-based manager has raised both its largest fund and co-investment vehicle with Whitman Peterson Partners V.

The platform bypasses managers such as Blackstone and Brookfield in favor of smaller, specialized firms for wealthy client portfolios.

Ares’ latest Japan fund spent a year in market and is the third-biggest private real estate fund to reach a final close this year.

The 10 largest funds accounted for 43 percent of capital raised for closed-end private real estate vehicles in the first half of 2026, more than double 2021’s share.

Australia’s population, stability and constrained supply continue to draw international capital, but success in today’s core market depends less on allocating to the right sectors and instead selecting the right assets, say Dexus’s Brad Collier and Andrew Jeffs.

In a departure from its recent activity, the investor has committed most of its real estate capital to indirect vehicles so far this year.