Capital Formation

The Toronto-based firm’s CEO says plans to generate $25bn by monetizing its BPY holdings will not include its assets in the two troubled sectors.

After its $300m float, the Salt Lake City firm will explore M&A opportunities and look to expand its reach beyond the US.

With 16 transactions closed in the first half of 2021, the industry is well ahead of last year and poised to surpass 2018's record total.

The Washington, DC firm expects to hold an $8bn final close this fall for Carlyle Realty Partners IX, which would be 45% larger than its predecessor.

The vehicle will follow the firm's fourth European value-add fund, which closed on its €2.1bn hard-cap earlier this month.

While the New York-based investment manager has been able to deploy its funds rapidly, other groups have not found the opportunity set they expected.

Goodwin Gaw, chairman and founder of the firm, explained the strategy behind Gateway Strategic Acquisitions during a PERE Global Passport Deep Dive.

Large pools of capital have been raised for distressed strategies, but thanks to government support schemes, finding a home for it is proving a challenge.

Brookfield Asset Management is aiming for rarefied air with its fourth flagship real estate fund, the largest to launch post-pandemic.

The New York-based firm’s latest vehicle is effectively a non-traded REIT within a 1940 Act wrapper, but the wrapper is where the innovation lies.