Opportunistic

Pretium takes ‘follow the U-Haul’ approach to oversubscribed sixth flagship fund

The New York-based housing specialist’s fund was backed mostly by US investors, including the Virginia Retirement System.

Schwarzman: Blackstone to become world’s largest AI infrastructure investor 

The firm’s CEO said $2trn in projected capital expenditures in data center development globally will create ‘unprecedented opportunities.’

Starwood nears halfway mark for Fund XIII capital raise

The Miami-based firm is expected to complete a rolling first close for the opportunistic vehicle later this year.

STRS Ohio eyes up to five real estate commitments

The pension plan is targeting ‘niche-type products’ from experienced managers with a ‘strong sourcing network.’

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.