Fife Council Pension Fund

July’s arrival marks the release of PERE’s special 20th anniversary issue, leading off with our second-ever ranking of private real estate’s 100 Most Influential individuals. See who made it below. Meanwhile, France’s AXA IM Alts changes up its regional real estate leadership; Korea’s National Pension Service backs an Australian mega-deal; Macquarie debuts a US senior housing strategy after assembling a veteran team and more in this week’s briefing, exclusively for our valued subscribers.

A major change at Nuveen leads the headlines this week as Chad Phillips succeeds long-time head of real estate Chris McGibbon. Meanwhile, PERE sits down with Rana Ghorayeb a year into her role as head of CDPQ's real estate business and its property arm Ivanhoé Cambridge; Invesco nears the close of its latest European fund; HSBC shakes up its real estate leadership, and much more in this week's briefing, exclusively for our valued subscribers.

Capital is flying across the global real estate markets this week as US manager Ares closes the year's biggest Europe-focused fundraise; UK pension and insurance giant Legal & General makes a big bet in the US with the acquisition of a stake in Taurus Investment Holdings; Canadian pension giant CPP Investments and Australian superannuation fund Aware Super announce major joint ventures targeting the UK; and much more in this week's briefing, exclusively for our valued subscribers.

Private real estate market participants weigh in on the ramifications of the US Federal Reserve's long-awaited interest-rate cut; Generali Real Estate recruits a senior executive from Morgan Stanley to help pursue its lofty ambitions in third-party capital management; Invesco Real Estate and Hines are the latest managers to feel the allure of private wealth, forming partnerships and making key hires in the space; and more in today's briefing, exclusively for our valued subscribers.

Redemption requests spike following Starwood’s decision to limit withdrawals from its own private REIT, though firms are satisfying the cash-outs for now; GIC is ramping up on Chinese residential with a housing joint venture; Gaw Capital is also ratcheting up its residential holdings, but in the fragmented Australian market; and Meadow Partners and Faropoint look to fly under the institutional radar while on the hunt for deals; in today's briefing, exclusively for our valued subscribers.

Executives weigh in on the impact of central bank decisions on real estate investing; CDPQ promotes Rana Ghorayeb, chief executive of its real estate lending arm Otéra Capital, to its new head of real estate; Starwood Capital Group acquires a minority stake in Asia logistics heavyweight ESR Group as the firm seeks to expand in the region, and more in today's briefing, exclusively for our valued subscribers.

CalSTRS and PGIM name new heads of their real estate businesses following the ascension of Mike DiRe and Eric Adler to bigger roles, respectively; PEI's Investor Perspectives 2024 survey opens; DWS's Jesch calls for balance in a Chinese property market likely to be of decreasing significance to the country's economy; and more in today's briefing, exclusively for our valued subscribers.