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CBRE IM joins elite cohort with second secondaries fundThe firm, which closed its first vehicle in the series just three years ago, now has raised one of the largest funds ever in the strategy.
Blueprint: Kayne Anderson’s $3bn quest, ICG’s Asia retreat, Artemis after the sale, self-storage wars and moreAs the US pauses for turkey, football and expressions of gratitude, a handful of managers have something to be thankful for this season, too. Kayne Anderson is defying even its own expectations with its seventh and soon-to-be-largest flagship property fund yet, while Artemis Real Estate has lined up $1.2bn and counting for its third healthcare fund, and its first since its sale to Barings. Meanwhile, self-storage booms, investors mull the Mamdani effect and more in this week’s digest, exclusively for our valued subscribers.
Los Angeles Water and Power discusses impact of rent regulationReal estate assets do not tend to fare well under affordability policies, consultant StepStone told the investor last week.
Private real estate grapples with increasing ambiguityPERE America Forum participants discuss how the convergence of property and other asset classes has created new opportunities – and new problems.
Real estate secondaries is becoming a crossover playAs StepStone and Greykite’s €1.5bn recapitalization shows, some of the most compelling deal opportunities are coming from non-real estate sponsors.
StepStone, Greykite strike largest-ever deal with €1.5bn recapIn conjunction with the transaction, the New York-based manager has increased its record-breaking SREP V fundraise to €5.3bn.
What’s in a hard-cap?Setting an upper limit for a vehicle’s size still serves an important purpose in today’s tough real estate fundraising market.
Blueprint: Brookfield’s next real estate chief, Ares and PIMCO raise billions for data centers and moreA carefully laid succession plan comes to fruition this week as Brookfield reveals its next global real estate chief. Elsewhere, debut data center efforts by PIMCO and Ares find serious traction with investors, public REIT managers eye private capital, Patron and Sixth Street orchestrate significant M&A deals, CDPQ heralds a new era for Ivanhoé Cambridge and more in this week’s briefing, exclusively for our valued subscribers.
StepStone’s Giller: Real estate secondaries is now ‘mainstream’The real estate chief, whose firm raised the largest-ever fund targeting the space, said the strategy has ‘blown up’ in the last few years.
Ares’ Arougheti: Tariffs will boost real estate values, transaction activityThe Los Angeles-based manager reeled in $3.9bn in real estate commitments last quarter.