Evelyn Lee
The Swiss bank’s multi-manager real estate business has made an initial commitment of more than $100m to the Los Angeles-based manager.
Bain Capital’s head of real estate credits his unconventional background with making him a better investor.
Remaining private has been a ‘strategic advantage’ for the Boston-based manager in multiple respects, says the firm's head of real estate.
Those expecting values to be correlative to debt ‘are holding out for something that won’t happen,’ says the capital markets executive.
The ‘big two’ remain private real estate’s biggest fundraisers, but evidence points to other firms getting more investor attention these days.
The pension plan is now measuring the emissions of half of its property portfolio. Whether that is a positive or negative is a perspective call.
The Miami-based firm is expected to complete a rolling first close for the opportunistic vehicle later this year.
Five executives at the California-based investment manager have assumed new roles as two other professionals have left the firm.
The transaction is the third in the New York-based firm’s minority stakes strategy investing in real estate managers.
Even during a fundraising slump, one of the world’s largest capital allocators just demonstrated institutions will make bets for the right firm and strategy.