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The London-based manager has landed commitments from two UK pensions as the seed investors in the vehicle, whose predecessor raised £450m.
The new hire will lead the firm’s investments in the space, including an expansion from the UK to continental Europe later this year.
The Boston-headquartered traditional funds behemoth is wading into the real estate market with a targeted data centers fund.
With co-investment capital and debt, the Toronto-based manager has approximately $2bn of investment power with the vehicle.
The ability to leverage data and embrace digital transformation will prove a critical differentiator.
The US multifamily firm, which previously closed on a series of value-add funds, will raise capital solely through one investment vehicle going forward.
For real estate managers, new rules would require additional fee disclosures and provide less flexibility in dealing with investors.
The Albany-based public pension has backed Metlife's core-plus real estate vehicle.
The Regulation and Fund Domiciles Survey, conducted by PERE and RBC Investor & Treasury Services, ranks managers' preferred fund jurisdictions. Find out who topped the list.
Exclusive research carried out in conjunction with RBC Investor & Treasury Services.