Pennsylvania Public School Employees' Retirement System

After Brookfield held an institutional close on what is set to be its largest-ever real estate fund, the firm’s CIO for real estate sees investors growing in confidence as transactions tick up.

The Harrisburg-based pension recommended a commitment to Realterm Europe Logistics Fund II.

The pension plan has made significant headway toward its annual pacing target with a $300m investment in Carlyle Realty Partners X.

The $76bn public pension has issued an RFP for an investment consultant.

The public pension looks to balance its investment portfolio with value-add commitments.

The US public pension has backed the sixth edition of EQT Exeter's flagship industrial fund series.

The Harrisburg-based public pension has backed EQT Exeter's fourth flagship industrial core-plus vehicle.

The Harrisburg-based public pension has backed LEM Capital's sixth flagship real estate vehicle.

Sculptor 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.

A change atop Ares Management’s global real estate business leads the headlines this week, followed by an exclusive on a US industrial fundraise by BGO with a data center angle. Meanwhile, Hodes Weill finds a dip in investors’ target real estate allocations, Prologis eyes capitalization strategies for its own data center expansion, AustralianSuper expands its UK push, and more in this week’s digest, exclusively for our valued subscribers.

StepStone and Greykite top the private real estate headlines this week with a blockbuster €1.5 billion recap in Spain, and we have all the details below. Elsewhere, New York’s Pantzer Properties reports a $1 billion fundraise; PERE reveals the latest private real estate fundraising data; the PERE global awards reopen; and more in this week’s digest, exclusively for our valued subscribers.

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.

A 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.

This week marks the hotly anticipated release of PERE’s annual comprehensive ranking of private real estate’s largest capital raisers. The 2025 edition of the PERE 100 and PERE 200 includes some significant changes from last year, and the volatility says a lot about the state of real estate fundraising. Elsewhere, NBIM and EQT make high-profile exits in Tokyo; Nuveen leans into private wealth; Grosvenor and AEW make senior appointments and more in this week’s briefing, exclusively for our valued subscribers.

Only 8% of the fund's capital was raised from investors based in the region, while the majority came from Middle East and APAC investors.

This week, PERE is fresh off a whirlwind of on-the-ground meetings at MIPIM, where property investors reacted in real time to a quickly shifting global economic landscape, but shared optimism about a return to dealmaking in Europe. Elsewhere, Benson Elliott makes a comeback with its first flagship fund close post-PineBridge acquisition; Manulife makes a move into Australia; QuadReal targets mobile homes; and more in this week's briefing, exclusively for our valued subscribers.