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Gerrity Group holds $200m first close on third US retail fund

The US retail market shows signs of life as fundraising ticks up and specialty managers zero in on grocery-anchored tenants.

UBS AM, Townsend back CA Ventures’ open-end student housing fund – Exclusive

The Chicago-based manager is targeting a raise of $1.5bn in initial equity for the vehicle in the first three years.

Pennybacker raises more than $1bn for latest value-add vehicle

The firm exceeded the $600m target for its fifth value-add fund and raised additional capital for an investment vehicle linked to the main fund.
Patrick McKenna, Jim Sorenson and Jeremy Keele

Sorenson: From impact investor to manager

After almost two decades as an investor and advocate for impact investing, Jim Sorenson steps over the fence to launch his own impact investing fund in the US opportunity zone space.

Walton Street collects $1.3bn for second RE loan fund

The real estate lender is charging a 1.5% management fee, according to Arkansas pension fund documents.

PCCP raises largest equity fund to date – Exclusive

The eighth offering in the opportunistic real estate series, which included commitments from Asian investors for the first time, raised a total of $1.3bn in equity.

PGIM raises $217m in third-party capital for Asia fund – Exclusive

The firm has reached an initial institutional close for its first open-end core product targeting the region, 30 months after the fund’s official launch.
Student accommodation: a growing sector for real estate investors

Chenavari targets £350m for new beds-focused debt fund – Exclusive

The vehicle will primarily lend against PRS and student accommodation assets in Spain and the UK.

CBRE GI nixes sidecar option for $900m Asia value-add – Exclusive

The previous fund in the investment manager's Asia value-add series, along with its co-investment vehicles, corralled $1bn in 2017.

Allianz Real Estate is putting other people’s money where its mouth is

Europe’s biggest institutional real estate investor has kick-started its third-party equity management business on home turf and with familiar partners.

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