Christie Ou
The record-breaking fund had such an outsized impact on H1 capital raising, PERE examined what the numbers looked like without it.
The price of an interest rate cap has become one of the biggest obstacles for real estate owners in negotiating a loan extension.
The record-breaking size of BREP X during a slow first-half distorted the fundraising breakdown by strategy and regional focus.
Perlman was instrumental in launching some of Asia’s biggest real estate firms, including industrial specialist ESR Group.
The asset class has become less attractive than private equity and infrastructure due to the challenges in office and retail.
Japan’s GPIF is the latest institution to look to private real estate’s mega-managers for making proxy plays at any point in the cycle.
The world's largest pension fund previously invested in three fund of funds managers focused on the sector.
Some borrowers in the region, particularly South Korea, have to seek new lender relationships amid spiking interest rates.
The investor has already committed to two overseas real estate funds with credit strategies in the past three months.
Many institutions have retreated from direct lending in favor of the investment risk diversification offered by credit vehicles.