Morgan Stanley’s real estate investment management business has raised almost 75% of the capital targeted for the latest iteration of its long-standing global opportunity fund series.
The London-headquartered manager has obtained circa €210m for the opportunistic fund and associated co-investment.
No single organization dominated this year’s awards, and few were repeated winners.
Inside: PERE’s Annual Awards – From fundraisers and investors to the capital advisers and law firms, we celebrate the firms that stood out in a year of disruption; Plus, we name our latest lifetime achievement winner; And much more…
The manager is looking to bring in third-party capital to help grow its Green Storage platform, which is currently owned outright by parent company TIAA.
The Madrid-based manager has already hit its revised target for the vehicle, which is due for a final close by mid-year.
The Canadian manager has secured close to €350m for its fourth strategy focused on grocery-anchored retail assets in the region.
Slightly higher up the risk-return spectrum, KKR has paused fundraising for its core-plus strategies in Europe and Asia.
The New York-based manager said investor demand for its latest industrial outdoor storage fund ‘substantially’ exceeded its $400m hard-cap.
The UK-focused manager has secured a commitment from an institutional pension scheme for its needs-based real estate income strategy.