The UK and South African bank is raising capital from investors to acquire real estate assets on a deal-by-deal basis.
PIMCO will invest the fund’s capital across Europe via its dedicated data center development and operating company Apto.
The venture is backed by two sovereign wealth funds and follows a 2021 industrial partnership with the same investors.
The sovereign wealth fund has made a commitment to the ninth vintage of the manager’s flagship real estate credit strategy.
New vehicle is the firm's first commingled fund for its global commercial real estate credit business.
While the largest diversified funds still rule the pack, capital is increasingly flowing to vehicles with a singular investment focus.
The contribution of Asia-Pacific-based firms to PERE’s real estate debt ranking is growing.
Harrison Street’s co-founder, chairman and chief executive Christopher Merrill explains how complexity can create value.
Uncertainty slowed transactions, says KSL Capital Partners’ chief executive and co-founder Eric Resnick, but the leisure travel sector was open to those with dry powder.
The manager has established a regional sidecar to invest alongside its flagship opportunistic global fund for the first time.