Value Add

Mississippi PERS sees early recovery from core managers’ rebalancing

Although the firms all leaned more heavily into niche strategies, they diverged on how to recalibrate their office exposures going forward.

Greystar eyes up to $3bn for 12th US flagship fund

The South Carolina-based residential giant has already raised $1.5bn in six months for the value-add multifamily vehicle.

TPG Angelo Gordon adopts ‘top-down’ approach for latest flagship fund

The firm has a $3bn target and more rigid sector allocations for Realty Value Fund XII, the first launch in the global series since Angelo Gordon’s acquisition by TPG in 2023.

Longpoint holds close for debut European fund

Texas Permanent School Fund is among the investors backing the Boston-based manager’s value-add fund targeting German and Dutch logistics properties.

In a risk-on market, anchor investors are opting not to go it alone

For some groups, partnering with other capital providers can make it easier to take a chance on a less established fund strategy.

Danish pensions anchor first close of Urban Partners’ regeneration fund

PensionDanmark and SamPension are both backing the Northern Europe-focused vehicle as first-time investors with the Copenhagen-based manager.

Japanese real estate investors raise return targets amid rising rates

The country’s institutions are recalibrating their core-heavy strategies to focus more on value-add opportunities.

Income Insurance to rethink real estate strategy amid macro challenges

The Singaporean insurer is exploring new investment strategies – including credit – to optimize returns in a higher cost environment.

EQT sets $6bn target for its US next industrial fund

If met, the fundraising goal for the manager’s latest flagship vehicle would place it among the largest single-sector funds ever raised.

CPP Investments adds first dedicated hospitality strategy in Korea

The strategy builds on the Canadian firm’s recent hospitality investment in Japan.