Peter Benson
The San Francisco-based capital advisory firm is targeting strategic capital investments in real estate managers.
The Toronto-based firm’s BSREP IV is only the third mega-fund and the first vehicle to close above $10bn this year.
The West Palm Beach, Florida-headquartered manager raised approximately one-third of the $632m fund in the last four months, even amid increased capital markets volatility.
The New York-based manager began investing in the property type in December 2021.
London-based Matter, which launched the capital raise in H2 2022, has already gathered more capital for the vehicle than for its first fund.
The Los Angeles-based manager expects early closings of the vehicle to raise as much or more capital than the predecessor in the series.
Sustainability, regulation and tenant demand are all contributing to a surge of activity in this renewable energy strategy
Despite the close of another mega fund during the quarter, the year is now on pace to be one of the slowest since the GFC.
The onetime senior portfolio manager of the PRISA fund joins the single-family specialist as head of portfolio management.
The Salt Lake City-based firm's second fund in the dedicated strategy raised nearly three times the capital of its predecessor.
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