Fundraising

Defined contribution pension assets have finally overtaken defined benefit plan assets in size – and are growing more quickly, too. So why are they still not a staple part of many private real estate manager capital bases?
The UK insurer has committed €400m to the London-based firm's first pan-European vehicle, which will target ground lease investments.
Patrizia residential
The Augsburg-based manager’s new offering is the latest in a string of open-ended core pan-European residential funds that have launched in the past two years.
In addition to Germany and Spain, the firm will add the UK to the geographic mandate of its latest €650 million investment vehicle.
The logistics arm of the Chinese conglomerate will open to foreign capital for the first time since its launch five years ago.
Europe
After closing on its US and Asia property vehicles this year, the New York-based alternative investment manager is now more than halfway to reaching the target for its latest regional fund.
The Hong Kong-based firm closed its sixth diversified fund above its target.
Real estate investment manager DTZ and co-living brand The Collective aim to raise €650m for what they believe is the first institutional fund for the sector.
For investors looking to invest outside of home markets, the introduction of more comprehensive performance indices could make that prospect more appealing, writes Christie Ou.
South Carolina manager Greystar Real Estate Partners has closed its 10th value-add multifamily fund at its hard-cap.
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