Value Add

M&G Real Estate to tap third-party capital for value-add strategy

This move comes as the firm approaches full deployment of capital from its first $900m international value-add strategy.

PineBridge Benson Elliot raises €500m for sixth flagship European fund

Participation from US investors declined compared with the fund’s predecessor, but the manager benefited from new capital sources in Asia.

Manulife IM makes first real estate hire in Australia

The new recruit follows a wave of senior appointments globally including the return of its Asia real estate CIO Kenny Lam in 2023.

PGIM Real Estate secures 60% of its target for Asia Fund V

The firm is also in the market with its Australia debt vehicle, which is expected to reach a final close at the end of 2025.

Inside Toronto Transit’s real estate portfolio overhaul

The Canadian pension’s chief investment officer, Andrew Greene, tells PERE why it plans to transition its real estate portfolio from mostly direct holdings to majority fund commitments.

UBS real estate veteran teams up with Aboria Capital

Eric Byrne, who co-founded UBS Asset Management’s real estate and private markets multi-manager business, will support the emerging UK firm as senior adviser.

Deep Dive: Partners Group’s direct drive

After three M&A deals last year, head of real estate Mike Bryant is backing ‘vertical depth’ to propel the firm’s real estate investing capabilities to new heights.

Fairfield’s Stafford: High-net-worth investors ‘very cold on real estate’ 

The CalSTRS-owned multifamily shop raised a record $1.5bn for its latest fund despite a pullback from a key investor base.

TPG Angelo Gordon on expanding value-add investment activities across Asia

Wilson Leung, head of TPG Angelo Gordon Asia Real Estate, says a pan-Asian, value-add investment approach supports success in the region.

Retail specialist Mitiska REIM raises over €300m for latest fund

The Belgian manager exceeded its target size for the pan-European value-add vehicle, which will also be invested in industrial and self-storage assets.