PEI Group Data

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.

Deep Dive: The performance metric that has become ‘top of mind’

Pressure for payouts mounts as many 2020- and 2021-vintage funds continue to generate little to no distributions.

Carlyle raises $9bn for largest property fund yet

The Washington, DC-based manager closed its latest opportunistic fund above its $8bn target within a shorter-than-average timeframe.

BlackRock closes sixth European value-add real estate fund

The fund fell short of its predecessor in size, but ranks as the fourth-largest Europe-focused real estate equity fund closed this year.

AEW raises largest property fund yet, but falls short of $2bn target

The Boston-based manager closed its 10th diversified North American opportunistic vehicle on $1.77bn in commitments.

Japan’s GPIF commits $200m to NREP

The investment represents GPIF’s second direct investment in a European real estate fund and its fourth overall in private real estate funds.

Harrison Street’s 10th flagship fund hits $1bn within one month

The fund’s target sectors include data centers and student housing.

Mesirow raises $1.25bn fund targeting US apartments

The Chicago-based firm’s fifth and largest fund to date came in over-subscribed, with 72% of capital committed by returning investors.

Brookfield’s Baron: The pressure on investors has eased

After Brookfield held an institutional close on what is set to be its largest-ever real estate fund, the firm’s CIO for real estate sees investors growing in confidence as transactions tick up.