Value-Add

TPG expects multiple first closes in real estate by year end

Among the four funds nearing a first close is TPG Real Estate Partners V, the largest real estate fund in market with its $8.5bn target.

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.

Adler recaps US warehouse portfolio with equity from Partners Group 

Switzerland-based Partners Group deploys capital from its latest secondaries strategy to join existing Adler investors in $343m continuation vehicle.

Hines raises first capital for latest European value-add fund

The manager is looking to raise a total of €1.5bn for the vehicle, making it the joint fourth-largest European fund currently in market.

Stonepeak holds anchor close on second real estate fund

The New York-based manager’s latest property vehicle has already surpassed the size of its predecessor, which it closed two years ago.

La Caisse’s Horstmann: ‘We’re not shying away from the US’

The Quebec pension has committed $3.3bn to US real estate since the start of 2025 as it recycles its portfolio to aim for higher returns.

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.

Hong Kong’s Link hires Redevco’s Slater as incoming CEO

Despite the executive’s experience with building a private funds platform, he will not lead that effort at his future firm.

Australia’s Rest eyes US property in private markets ramp-up

Private markets head Marina Pasika on why the superfund avoids ‘bucketing’ its portfolio by asset class and how its thematic view extends to unlisted real estate.

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.