Alameda County Employees' Retirement Association (ACERA) related stories
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ACERA commits $35m to Artemis Real Estate PartnersAlameda County Employees' Retirement Association reports a new commitment to private real estate.
Investor Intentions: ACERA reveals pacing plan recommendationsAlameda County Employees' Retirement Association will look to make $225m in commitments across H2 2025 and H1 2026.
Blueprint: Barings' Artemis acquisition, PAG's record haul, PGIM's return to office and morePrivate real estate's M&A takeover continues this week with Barings' acquisition of PERE 100 manager Artemis Real Estate. Meanwhile, PAG closes its largest-ever opportunistic fund, PGIM heralds its return to office buying, Pretium brings in a veteran capital raiser and more in this week's briefing, exclusively for our valued subscribers.
Blueprint: NPS's JV spree, AustralianSuper's European play, GIC's next Americas head, PERE's latest fundraising report and morePERE's latest fundraising report, out this week, confirms how 2024 was an extraordinarily difficult year for real estate managers. Will things turn around in 2025? A string of mega-deals suggests buyers and sellers are finding common ground. Leading the way is Korea's NPS, with nearly $2.4 billion in commitments to a pair of real estate ventures. Elsewhere in the industry, AustralianSuper picks up a 50 percent stake in Oxford Properties' European logistics platform, GIC names its next Americas real estate chief, US multifamily managers land in regulators' crosshairs and more in this week's briefing, exclusively for our valued subscribers.
Blueprint: Distress takes an unexpected turn, KKR goes big on UK hotels, MARK raises €660 million, and morePERE's latest issue arrives this week with a cover story on the changing outlook for distress and how some of private real estate's largest managers are adapting to unexpected twists in the market. Elsewhere in the industry, KKR forms joint ventures on two continents, MARK Capital Management breaks down a €660 million fundraise, BGO earns an institutional mandate, and more in this week's newsletter, exclusively for our valued subscribers.
Blueprint: Investors to watch in the next cycle; Hines, Blackstone, PGIM and NBIM size up offices; UK budget fallout and morePrivate real estate gears up for the next market cycle this week as PERE's November issue highlights emerging investors to watch; Hines leads managers' charge into real estate credit; Blackstone, PGIM and NBIM each eye offices for different reasons; the UK budget brings unwelcome surprises for property investors; TPG makes a blockbuster Tokyo hotel buy and more in this week's briefing, exclusively for our valued subscribers.
Blueprint: CPP, Schroders name new real estate chiefs, CalSTRS’ $1.7bn writedown, and PERE reveals the latest Global Investor 100New real estate chiefs take over at Canadian pension giant CPP and London-based manager Schroders; CalSTRS takes a hit to its real estate portfolio as a result of “industry-wide valuation markdowns;" Ares takes aim at Mexico's industrial market with the acquisition of Walton Street Mexico; UK pension Nest and US manager Invesco lean into development; investors take a big slide on the 2024 PERE Global Investor 100 ranking; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Industry waves goodbye to Léon Bressler, Henderson Park's US expansion, Canadian investors' negative returnsAermont founder Bressler leaves behind a well-planned-for business; Henderson Park's US expansion is explored in an exclusive interview with PERE; Canadian investors continue to report negative real estate returns; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Ares and KKR declare real estate market bottom, a French real estate giant emerges, fundraising periods take longerAres, KKR leaders add their voices declaring a market bottom and intent to go on the acquisition offensive; the sale of the asset management business of French insurer AXA to the country's bank BNP Paribas means another private real estate giant gets even bigger; PERE data demonstrates how funds are taking notably longer to get closed; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Goldman's record fundraise, the Maple 8's uncertain future, KKR's multifamily assaultIt is a new era for Canada’s Maple 8 investors as they face tumult and a decline in overseas investments; Goldman Sachs has reached a record for a fund dedicated to real estate secondaries; KKR has snapped up a massive multifamily portfolio, marking the largest real estate purchase by a private equity manager so far this year; and more in today's briefing, exclusively for our valued subscribers.