Blackstone related stories
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Blueprint: Canada’s next mega-manager, Blackstone’s $2bn take-private, KKR’s Europe shake-up and moreCanada’s Sun Life Financial seizes the spotlight this week, as PERE reveals the insurance giant is embarking on an ambitious expansion of its private markets platform with a familiar face at the helm. Meanwhile, Blackstone unveils its latest take-private target in 155-year-old Hawaiian landlord Alexander & Baldwin; Mubadala and Aldar look to raise a $1bn Gulf-focused fund; KKR loses its European real estate head and taps two to replace him; and more in this week’s digest, exclusively for our valued subscribers.
Tishman Speyer forms separately managed account for German investorThe US manager seeded the vehicle with the purchase of an office building in Paris.
Private real estate investors divided over NYC revivalExecutives from La Caisse, Blackstone and Hines are as bullish as ever on the world’s largest office market, while CBRE co-CEO Adam Gallistel sees greener pastures in Europe.
Wentworth launches private credit platform with SHK seed commitmentThe platform, which is backed by the Asian alternative investment platform, will focus on transitional lending in the mid-market.
Blueprint: Sculptor’s record fundraise, LaSalle’s next CEO, investor consolidation, and moreSculptor Capital Management tops the headlines this week, as PERE can exclusively report the manager has closed its fifth, and by far its largest, flagship property fund yet, pulling in $5.4 billion for a strategy focused on niche property types. Meanwhile, London’s Grosvenor Group breaks into a new market; Chicago’s LaSalle reveals its next global CEO; Korea’s NPS backs a UK multifamily venture; an Artemis veteran finds a backer for his own senior housing platform; a slew of mega-managers announce big logistics tie-ups; and more in this week’s digest, exclusively for our valued subscribers.
Healthcare real estate is finding its stride amid aging populationsFor investors, rising demand for care, limited new supply and a service that cannot easily move online equals inelastic demand and strong returns.
Asia-Pacific roundtable: Liquidity returning to Asia-Pacific real estate marketsInterest rate cuts support gradually improving market dynamics despite ongoing political and trade turbulence, say participants in PERE’s regional roundtable discussion.
Boom or bust, AI has cleaved the real estate industry in twoThe gulf between data center proponents and dissenters is only growing wider as Nvidia’s star continues to rise.
Blueprint: Kayne Anderson’s $3bn quest, ICG’s Asia retreat, Artemis after the sale, self-storage wars and moreAs the US pauses for turkey, football and expressions of gratitude, a handful of managers have something to be thankful for this season, too. Kayne Anderson is defying even its own expectations with its seventh and soon-to-be-largest flagship property fund yet, while Artemis Real Estate has lined up $1.2bn and counting for its third healthcare fund, and its first since its sale to Barings. Meanwhile, self-storage booms, investors mull the Mamdani effect and more in this week’s digest, exclusively for our valued subscribers.
ICG shuts down Asia real estate business after three yearsThe London-based manager is parting ways with its APAC property team, formed in 2022, to refocus on Europe and the US.