The role private institutional capital plays in solving the world’s affordable housing crisis has been under a scrutiny only intensified by the coronavirus pandemic.
Outraising its closest competition by $36bn in this year’s PERE 100, the sector’s heavyweight champion continues its dominance of the private real estate sector.
The Arkansas Teacher Retirement System has confirmed a commitment to the new Torchlight Debt Opportunity Fund.
The UK-headquartered asset manager held a final close on two real estate vehicles.
The constituents of the PERE 100 have enjoyed exponential growth in their fundraising, even as placing capital became harder. The pandemic should relieve that pressure.
The firm also raised an additional $516m in co-investment capital, more than half of which went to five pre-specified projects.
A seed portfolio, ‘essential’ to attracting capital prior to the covid-19 pandemic, has become a liability for many firms in fundraising mode.
The specialist UK lender is aiming to provide more than £250m in situations where other lenders are struggling to maintain liquidity.
Harbert Seniors Housing Fund II held its final close.
The firm's Vintage Real Estate Partners II is the third-largest RE secondaries fund yet raised.