Christie Ou
With a focus on transparency and liquidity, Fund VI will exclude Hong Kong and China, and will further limit exposure to the office sector.
The firm plans to dedicate significant capital toward acquisitions in key markets around the world, demonstrating it has moved on from relying principally on senior recruitment to meet its growth objectives.
Bart Price, the sovereign wealth fund's head of growth markets real assets, will join as chief executive of the platform by early next year, PERE understands.
The appointment comes as the firm plans to more than double its assets under management to $100bn including third-party capital.
Prior to Milan Khatri’s appointment, the firm hired BlackRock’s former head of Asia real estate to run its overall investment business.
The US firm's real estate credit business has previously focused on the US, Europe and Australia.
With one eye on the new market cycle, emerging and evolving capital sources are mobilizing to make the most out of an allocation to private real estate.
Alongside the APAC-focused main fund, the firm is working with Aermont Capital to develop a separate sleeve for European data centers.
The firm has acquired three offices under the core strategy in Singapore, Sydney and Seoul since it was launched in 2018.
In opening an office next door to Korea’s largest investor, Hines’ bold move emphasizes the importance of strategic relationship management in today’s private real estate market.