Missouri Local Government Employees' Retirement System related stories
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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.
Blueprint: Korea’s NPS looks to the Nordics; a $1bn real assets fundraise; GIC’s US exit and moreThe PERE team has a trove of exclusives packed into this week’s briefing, including the latest move by Korea’s National Pension Service and its quest to grow its direct real estate exposure, as well as a $1 billion debut fundraise for real assets specialist Greenpoint Partners. Elsewhere, Singapore’s GIC eyes a massive US real estate exit, REIT manager RMR Group launches its first private fund, a pair of veteran talent advisers launch a new firm and more in this week's briefing, specially curated for our valued subscribers.
Blueprint: Starwood's $6bn fundraise, capital flows in the tariff era, PERE Europe forum and moreA pair of PERE exclusives lead the headlines this week: first, an update on Starwood Capital Group’s progress with its latest opportunistic fund, set for a final close in the next year with a $10 billion target. Second, a major new hire at Crow Holdings, which brings on an AIMCo, BGO and CalPERS veteran to run its core/core-plus business. Elsewhere, investors offer differing views on capital flows, student housing continues to draw attention in the UK 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: Headline-grabbing fundraises at Ares, BGO and Lone Star; Aviva changes its strategic rules; Korean and Japanese investors look to ramp up their property exposuresRecord fundraises by Ares and BGO and a target-missing capital haul by Lone Star dominate the private real estate capital markets headlines; Aviva Investors adopts a progressive approach to real estate investing with less reliance on benchmarks; Korean and Japanese investors at PERE's live events last week talk of boosting their real estate exposures, and more in today's briefing, exclusively for our valued subscribers.
Blueprint: The ECB's rate cut, BGO's data center investment, Blackstone's residential pushPrivate real estate executives expect the impact of the European Central Bank's rate cut last week to be felt in different ways across the continent; BGO returns for a third investment in the Nordic data center developer Bulk Infrastructure after realizing its original ambitions needed to be bigger; the private real estate industry mulls the impact of the upcoming UK election; mega-manager Blackstone signals it is doubling down on the UK housing sector with a blockbuster single-family rental deal; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: PERE Global Awards 2023 launch, Blackstone's European fundraise, Goldman's write-downsPERE's eagerly anticipated annual awards launch today with our customary call for submissions across 67 categories, including Innovation Investor of the Year for the first time; Blackstone raises nearly half of its targeted equity for its latest European opportunity fund; Goldman Sachs writes down its balance sheet real estate assets by one-third since start of the year; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Blackstone’s $1trn credit ambition, PERE Japan Korea Week begins, Alecta’s investigation by financial regulatorBlackstone’s real estate credit platform secures massive CalPERS commitment as the mega-manager sets $1 trillion AUM goal for debt businesses; PERE Japan Korea Week kicks off in Seoul; Alecta comes under scrutiny by Sweden’s financial regulator for its largest real estate investment; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Brookfield's understated target, Blackstone's profitable BREIT hotel sale, GIC aims to add Indian assets to its shed collectionBrookfield's $15 billion target for its latest opportunity fund is characterized as deliberately understated; Blackstone books a $275 million profit from its sale of a San Antonio hotel out of its BREIT portfolio; GIC continues to target stockpiling industrial assets, this time in India; and more in today's briefing, exclusively for our valued subscribers.
LAGERS approves $75m commitmentThe US public pension has backed an opportunistic real estate fund.