Capital Formation

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.

Ares seeks $3.25bn for fifth US real estate opportunity fund

The manager is also eyeing a final close next quarter for its first Japan logistics fund post-GCP acquisition.

2019-23 vintage funds have distributed 50% or less of capital

The 2016-18 fund vintages were the last to return capital in full to investors, reaching an average DPI of 1.05x 10 years after inception.

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.

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.

Centuria secures Japanese investor backing for single-asset Sydney office fund

The ASX-listed firm has raised approximately A$268m in equity to acquire a 50% stake in two properties in the city’s World Square precinct.

Introducing PERE’s inaugural placement agent ranking

The biggest real estate capital advisory firms are ranked by both new and aggregate equity raised over the past year.

Secondaries are now a sophisticated capital formation tool

Investors are using secondaries to unlock liquidity, retain high-conviction assets and reposition platforms for growth.

Newport Capital Partners on the resurgence of everyday essential retail

Capital is once again returning to the retail sector in a big way, say Newport Capital Partners’ Derrick McGavic and Josh Kagan.

Schroders Capital on why recapitalization is more than just a liquidity tool

Recapitalizations are emerging as a way to bridge Europe’s funding gap, combining capital discipline with operating expertise to enable platforms to institutionalize and grow, say Schroders Capital’s Kieran Farrelly and James MacNamara.