Investors

At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.

Markets that are non-regulated or have distress potential are at the top of the menu, investors told delegates at the PERE Network Europe Forum.

Industry practitioners anticipate embodied carbon will become a greater focus for prospective buyers in the future.

The global head of the insurer’s alternative business said performance is the top priority as it works to decarbonize its €85bn real estate portfolio.

The partial exit by the Toronto-based manager and its joint venture partner Investment Corporation of Dubai is a marker for institutional investors looking at doing business in the region, Jad Ellawn, Brookfield’s head of Middle East, told PERE.

Lagging performance indicators in private real estate is an existential problem for the sector, making alpha betting challenging for investors, argues James Corl, head of private real estate, Cohen & Steers.

NorthBridge's NB Partners Fund IV surpassed its target of $800m, and capital has been deployed to acquire 20 assets so far.

Momentum may be building in the fundraising space, but more managers are making concessions to get a slice of the action.

The Bank of England has warned global falling property values could lead to losses for creditors, echoing concerns shared by the European Central Bank.

The venture is backed by two sovereign wealth funds and follows a 2021 industrial partnership with the same investors.