The South Korean pension fund has kicked off its return to equity investing in the asset class with commitments to logistics strategies.
The Swiss bank’s multi-manager real estate business has made an initial commitment of more than $100m to the Los Angeles-based manager.
The Dallas-based private equity real estate firm cites investor liquidity issues and a keenness to get deploying for the $2.7bn final closing for LSREF VII, less than half its initially reported $6bn target.
The London-based manager, which launched in March, has made the acquisition on behalf of its debut European real estate fund.
The team plans to invest in small to mid-sized managers, co-found new platforms, and accept investments under $100 million.
London-based manager Evonite expects to hit the road with its first investment vehicle within the next few months.
Serenitas co-founder GIC exited its stake in the land lease community operator to Mirvac and PEP last year for A$1.01bn.
The New York-based manager bought an 80% stake in South Africa-listed Burstone’s Pan-European Logistics platform on behalf of its BREP X and BREP Europe VII funds.
Investment decisions should not be postponed due to political uncertainty, study finds.
The debt secured on the 36-storey office building is due to be repaid in January 2025.