Harrison Connery

Sizable fund commitments from New York and Sacramento and positive noises from New Mexico and Austin are adding to indications of green shoots for the next cycle. 

NYSCRF’s recent pledges include $400m to a new partner targeting cold storage.

The emerging manager received a $100m anchor commitment from Texas TRS. 

Amid heightened economic and geopolitical uncertainty, firms are instead focusing on a bottoms-up approach in the asset class.

The median real estate manager could beat private equity returns by 20 basis points over the next decade, he said at PERE Network’s America Forum.

The fund has $350m in the pipeline across 10 US markets.

Half of institutional investors are under-allocated to real estate amid stronger performance in public equities, finds Hodes Weill and Cornell University’s latest Allocations Monitor. 

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.

Executives at the world’s largest real estate manager are less optimistic about a fundraising recovery.

The chief executive dishes on the state of the market during PERE's Global Advisory Board Insights webinar.