Managers

The $11.3 billion pension system has contributed $40 million to Westbrook’s latest fund and $30 million to Almanac’s current offering.

Compared to its other business lines, the Los Angeles-based investment manager has been the most active in investing capital in the asset class, with its previous real estate fund nearly fully invested and its latest vehicle expected to hold a first close late next month.

SC Management's RECAP III is understood to be oversubscribed thanks to strong performances from the Hong Kong and Singapore-based private equity real estate firm’s previous two funds.

The State Administration of Foreign Exchange (SAFE), which manages more than $3 trillion of China’s foreign exchange reserves, is helping Blackstone towards its $13 billion hard cap for its latest real estate opportunity fund.

The $69.42 billion pension plan has committed $200 million to a new real estate separate account with Och-Ziff Capital Management and also plans to allocate up to $120 million to SC Management’s latest Asia real estate fund.

The São Paulo-based alternative investment management firm has raised nearly R$200 million in equity for its second real estate development fund, which will invest in residential and office projects in Brazil.

The $88 billion pension system has agreed to invest in global real estate funds sponsored by Starwood Capital Group and Westbrook Partners as part of $200 million committed to opportunistic and value-added real estate vehicles in recent months.

The New York-based investment manager is seeking $400 million to target assets in New York and London for its latest opportunistic real estate vehicle.

Hearthstone Investments has agreed to buy a portfolio of show homes from Britain’s biggest housebuilder, Barratt Developments, for its new UK Residential Property Fund. The firm’s chief executive says the fund will ‘fundamentally change’ the way the UK invests in residential property.

The real estate investment management arm of Prudential Financial has won a competitive tender for a mandate to manage the UK retailer’s existing property investments and to grow it further.