KKR

Slightly higher up the risk-return spectrum, KKR has paused fundraising for its core-plus strategies in Europe and Asia.

The New York-based manager plans to deploy the proceeds into in the hospitality, logistics and living sectors, among others.

Canada’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.

Those hoping for a fundraising recovery can find an encouraging sign this week from rookie manager Greykite, which in 15 months on the road has amassed $1.4bn and counting for its debut property vehicle, PERE can reveal. Elsewhere in private real estate, allocators CalSTRS and Aware Super signal their intent to ramp up in the asset class; Blackstone gets its UK warehouse prize; KKR resumes its student-housing push; and more in this week’s briefing, exclusively for our valued subscribers.

On-site power generation is pushing real estate and infrastructure teams together.

Higher interest rates, inflation and an unpredictable trade war are ushering in an ever-changing set of obstacles.

Two noteworthy pieces of information revealed in regulatory filings top the private real estate headlines this week, as KKR hits a $2 billion milestone on its latest US property fund, while on a more somber note, Blackstone discloses the appointment of an interim CEO of BREIT after the shocking loss of Wesley LePatner last month. Elsewhere, HSBC names its next real assets head, M&A data shows manager stake sales are on the rise and more in this week’s briefing, exclusively for our valued subscribers.

The firm, which is among a select few managers raising dedicated hospitality funds in the region, is eyeing additional vehicles targeting the multifamily sector.

The California-based manager has raised both its largest fund and co-investment vehicle with Whitman Peterson Partners V.

Appetite for Japanese real estate is more robust than ever, but investors are increasingly adapting underwriting in a changing macroeconomic environment.

One of the world’s largest managers has had a bumpy road to global expansion. Two top executives talk to PERE about the path forward.

After changes within Nuveen’s real estate division, its former global CIO and head of investments Carly Tripp started her next chapter this month at another large manager. Find out which below. Elsewhere this week, StepStone is back in the news with the launch of a platform, investors shore up their data center strategies amid fears of an AI bubble, Canada’s CPP Investments makes targeted deployments in the US and Japan and more in this week’s digest, exclusively for our valued subscribers.

Deployment in the market has hit record levels. But strong returns on those investments are far from a sure bet.

In this final edition of Blueprint for 2025, we send you into the holiday break with a pair of sector-specific fundraising scoops. First, PIMCO sets a new bar for efforts targeting European data centers after closing its debut sector fund on a record €1.8bn. Meanwhile, Bain Capital reaches $1.6bn with its first dedicated real estate fundraise targeting the retail sector. Elsewhere, key details emerge about listed giant Hongkong Land’s private real estate debut, and more in this week’s digest, exclusively for our valued subscribers.

The gulf between data center proponents and dissenters is only growing wider as Nvidia’s star continues to rise.

Evolving tenant needs for the latest AI and cloud-computing technology are driving record pre-leasing and reshaping both investment and development strategies.