Capital Formation

Regional retrenchment: ‘Financial engineering trumping local knowledge is over’

This episode of The PERE Podcast discusses ICG’s retrenchment from Asia, following a line of Western managers doing the same. We also speak to Goodwin Gaw, chairman of Gaw Capital, about his views on the current trend and the firm’s renewed focus on the region.

Kayne Anderson raises $2.5bn for Fund VII, on track to beat target

The Los Angeles-based firm is targeting a net IRR of 15-18% for its seventh flagship opportunistic fund, which has a $3bn target.

PERE America 2025: ‘Everyone will have an opportunity to outperform’

This year’s delegates heard exuberant statements from managers amid a belief that the worst for private real estate capital markets is ‘in the rearview mirror.’ Not everyone is convinced.

US hospitality real estate investors stay through tough times

The economy is growing, but hotel occupancy is remaining stubbornly low across sectors.

The ‘$1 trillion club’: Evolving capital markets create a higher tier of managers

This episode of The PERE Podcast looks at how a quest by private markets’ biggest managers to service private wealth and insurance capital alongside institutional investors is creating a set of industry behemoths.

Understanding synthetic risk transfers, the financial tool reshaping real estate lending

Synthetic risk transfers are being embraced by real estate bank lenders, helping them to free up capacity for more lending. The PERE Podcast team breaks down how this financial tool works, and why its increasing use is good news for borrowers.

Defense spending and real estate: Insights from Expo Real

The PERE Podcast breaks down property investors’ main reason for optimism at the Munich conference this week: a NATO-driven market resurgence.

‘I didn’t do this to exit. I did this to grow’: Breslauer on Patron’s sale to MEGP

This episode of The PERE Podcast features a wide-ranging interview with Keith Breslauer, as the Patron Capital founder stands on the brink of a new direction for the business.

Morgan Stanley goes local with a $900m bet on Japan

The PERE Podcast spotlights the country’s continued emergence as a hot destination for institutional real estate capital, both domestic and international.

When real estate capital formation became bigger and broader

As investors have grown more sophisticated, the fundraising process has also become more intensive over the past decade.