Evelyn Lee
The New York-based asset manager has been raising capital for its latest real estate funds at a quicker-than-expected pace, with initial closings completed or expected to occur this quarter.
The $260 billion pension system has approved a two-year extension of its interim real estate portfolio limits to give itself more time to increase its core exposure.
Although investors remain in the driver’s seat when negotiating with managers, there are limitations to what they can get.
Delegates at this week’s Global Investor Forum in Los Angeles were advised to pay heed to the increasing impact of the market’s smaller investors.
Requiring a manager to put some “skin in the game" may be more problematic than beneficial for a limited partner when striving to achieve alignment of interest.
Four senior executives in the Toronto- and New York-based alternative asset manager’s private funds group have been laid off or resigned in recent months, contributing to significant turnover of the fundraising team in the last year.
After hiring its first placement agent for a US fundraising, the New York-based developer and fund manager is said to have held a final close just shy of the target for its latest US real estate fund.
In this month’s issue of PERE, we speak with three of Brookfield’s senior real estate executives about how investing in real estate platforms has changed with the times.
The Rio de Janeiro-based private equity firm has secured an initial equity haul from Brazilian limited partners for its new vehicle and has begun marketing to international investors.
The $11.5 billion pension plan is projected to allocate the bulk of its new capital for the asset class over the next three years to value-added and opportunistic investments, as well as increasing its exposure to international real estate.