BGO

The mega manager aims to reach $120bn in real estate AUM in the region over the next five years. Achieving that target is another matter.

Blackstone’s dominance aside, little else has remained the same about the industry’s largest capital raisers over the past decade.

Over the past decade, real estate DEI initiatives may have had some shortcomings, but the impacts were still positive. Now, political hurdles threaten to undo them.

The PERE Podcast breaks down PERE’s latest manager ranking and a shifting capital formation landscape with BGO’s John Carrafiell and APG’s Robert-Jan Foortse.

Outsized equity targets, and more time spent trying to reach them, contributed to a shakeup in the top echelons of PERE’s annual rankings.

North American investors accounted for more than half of the capital raised, while the remainder came from Asia and the Middle East.

Five executives have been elevated to key global or regional roles as part of the Miami-based manager's long-term succession planning.

While top-level appointments typically involve internal promotions or external hires, recent moves have favored the former.