Greg Dool
The New York-based manager said investor demand for its latest industrial outdoor storage fund ‘substantially’ exceeded its $400m hard-cap.
Underperformance by incumbents and a spotlight on specialized strategies are prompting more institutions to add to their rosters.
Focused on HMOs, the venture with Tokoro Capital marks GCM Grosvenor’s first investment in the UK student accommodation space.
The mega-manager has $53bn in dry powder to deploy into real estate equity and debt and sees listed platforms as prime targets.
The Canadian pension committed $143m to the venture with IRA Capital alongside an unnamed Asian sovereign wealth fund.
After nearly 20 years with Nuveen Real Estate and parent TIAA, the veteran investment manager has taken on a senior role in Invesco’s New York office.
Fund managers have real reason to expect a rebound in 2026 if investors prove undaunted by the next black swan event.
Two-thirds of institutions are now underallocated to the asset class, and most plan to either maintain or increase their capital investment this year.
With its Realty Income partnership, the $900bn sovereign wealth fund has teamed up with a listed firm looking to bridge both sides of the market.
The wealth fund plans to build net-leased industrial properties in partnership with Realty Income, a listed REIT that launched its first private real estate fund last year.