The transaction marks the first time the Japanese insurer has acquired a full or partial stake in a real estate manager.
Short-term and increasingly passive public markets aren’t always the right fit for major transformations, particularly those being driven by trends such as decarbonisation and AI.
Do customisable models incorporating both public and private markets exposure represent the next step in the democratisation of alternatives?
Thanks to the evolution of a robust private market ecosystem that includes private credit, secondaries and unprecedented amounts of capital, companies are growing bigger and staying private for longer than ever before. Nevertheless, the dream to go public is still very much alive.
Companies are staying private for longer, but our economies need fully functioning and vibrant public markets as well.
Founder Ron Dickerman expects his firm will begin deploying capital next year amid a ‘very intriguing’ time to explore real estate secondaries in the region.
Peakside Capital Advisors intends to hold the 127-year-old Neo-Baroque-style property for the long term on behalf of a pension fund client.
Traditional and alternative managers, as well as institutional investors, provide a vote of confidence in the real estate market, according to Drew Murphy, partner and head of the private markets advisory practice at Berkshire Global Advisors.
The top force fuelling M&A among private markets managers is the ambition to become as relevant to private wealth and insurance money tomorrow as institutional capital today.
Private markets M&A continues to gather pace as asset management mega-platforms attempt to meet all their investors’ needs.