Opportunistic

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.

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.