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Blueprint: Inside the PERE America Forum; Texas Teachers anchors another debut fund; a global hotel comeback and morePrivate real estate executives share their strongest convictions and boldest predictions for the next market cycle at the PERE Network America Forum; emerging manager Temerity Strategic Partners achieves its first fund close with help from a major investor; UK manager Octopus sets its sights on Europe; Hong Kong developers fortify their investment management positions and much more in today's briefing, exclusively for our valued subscribers.
Blueprint: Ares' European war chest, and a flurry of cross-border real estate bets by CPP, Aware Super and Legal & GeneralCapital 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.
Blueprint: Introducing PERE Deals, another dismal fundraising quarter, Brookfield's logistics mega-dealThe waiting is over: PERE Deals, our exclusive news and data service, is officially live – as is PERE's latest fundraising report, which paints a less-than-rosy picture of the capital raising environment through the first nine months of the year. Elsewhere among this week's headlines, Brookfield and Panattoni fortify their positions in the red-hot logistics sector; UBS navigates another wave of redemption requests; PERE salutes private real estate's most influential women and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Fed rate-cut reactions, Generali ramps up third-party capital, managers set sights on private wealthPrivate 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.
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: Office woes drag investor returns and Asia funding shortfalls, CPPIB returns to marquee fund commitments with Blackstone, ex-CalPERS boss takes lead role at PrologisOffice headwinds keep heavyweight investors CDPQ and NBIM's real estate performance down; CPPIB performs a strategic U-turn and returns to cutting big checks to mega-funds, with a commitment to Blackstone's latest European opportunity fund; ex-CalPERS real estate boss Ted Eliopoulos bolsters the capital markets capabilities of the world's biggest logistics landlord; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Moghadam's Trump tariff fears, Blackstone's AI push, France's election investment woesPrologis chief Hamid Moghadam is considering how a Trump presidency would impact business; Blackstone is limbering up to be the largest financial investor in AI infrastructure across the globe; population tracking sees Pretium close its sixth flagship fund successfully; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Private REIT redemptions surge, GIC's China play, Gaw's Australian residential ventureRedemption 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.
Blueprint: Ares eyeing GCP, Carlyle's looming fund close, L&G's re-orgLos Angeles-based Ares Management is said to be on the cusp of buying a stake in GLP Capital Partners’ ex-China fund business, which has $66 billion of AUM in Japan, Southeast Asia, Europe, the US and Brazil; BlackRock is diving deeper into the data center world by acquiring a stake in Germany's Mainova WebHouse GmbH; Carlyle is on track for what could be the biggest fundraise of 2024; Amsterdam-based Redevco has added another senior executive to its ranks; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Brookfield's $8bn close for BSREP V, Starwood’s takeover bid for ESR, PGIM’s $2bn data center fundBrookfield Asset Management reaches over $8 billion in commitments for Brookfield Strategic Real Estate Partners V, bringing the vehicle over halfway to its final target; Starwood forms a consortium of investors, including TPG-spinout credit platform Sixth Street Partners and New York investment firm SSW Partners, to propose a buyout of the Asian industrial giant ESR Group; PGIM Real Estate is targeting $2 billion for a global data center fund; and more in today's briefing, exclusively for our valued subscribers.