Pretium related stories
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Virginia Retirement System commits $150m to real estateVirginia Retirement System announces commitment to single-family rental fund.
Former Cerberus executive joins GID Investment AdvisersThe new recruit completes the Atlanta-based manager’s global hiring spree of senior capital raisers over the past year.
Three ways fundraising looks different without BREP XThe record-breaking fund had such an outsized impact on H1 capital raising, PERE examined what the numbers looked like without it.
Blueprint: Central banks diverge, QIA's hospitality buy from Egypt heralds brighter relationship, Starwood's single-family SREIT sale sees assets back with prior ownersCentral banks diverge paths for the first time in months as inflation and high rates persist; QIA's projected minority stake in a hospitality portfolio of Egypt's sovereign wealth fund has greater ramifications; Starwood plans 2,000 unit portfolio sale, including in part to previous seller Pretium; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Lone Star boss considers distress investing today, real estate reacts to the US debt ceiling agreement, what ESR's Korea vehicle launch meansLone Star's Grayken sees opportunities while the market finds its footing; a US debt ceiling deal relieves pressure on real estate but does not remove its obstacles, for now; ESR prepares a South Korea vehicle to capitalize on refinancing problems in the country; and more in today's briefing, exclusively for our valued subscribers.
RED 50 takeaways: This year's ranking dares to be differentAnother year of growth for the 50 biggest debt capital raisers belies the slowdown in wider real estate fundraising.
Blueprint: Hodes Weill's allocations monitor, Brookfield closes 2022's largest fund, CalPERS' real estate spending spreeHodes Weill and Cornell University's annual Allocations Monitor white paper reveals stark overallocations among institutional investors; Brookfield's $17 billion mega-fund stands to be the biggest private real estate vehicle closed this year. Undeterred by current market conditions, US pension CalPERS deploys almost $5bn in Q3 alone; and more in today's briefing, exclusively for our valued subscribers.
Former PGIM executive joins PretiumThe onetime senior portfolio manager of the PRISA fund joins the single-family specialist as head of portfolio management.
The PERE 100 grows from the middle outMid-sized managers accounted for an outsized share of the new capital brought to this year’s rankings, with 16 firms clearing $5bn for the first time.
Single-family rental is set to growDemographics, interest rates and a supply and demand imbalance favor growth for the sector, reports Keith Button