The Miami-based firm is expected to complete a rolling first close for the opportunistic vehicle later this year.
In its first investment for the fund, the manager has acquired a 40% stake in a Swedish student accommodation portfolio.
The fund has seeded a just-launched private debt strategy from an industry veteran.
The manager bought two luxury high-rise apartments for $222m all cash.
The pension plan is targeting 'niche-type products' from experienced managers with a 'strong sourcing network.'
The Toronto-based manager has executed two European deals from its Real Estate Solutions strategy this month alone.
The pension fund committed $1bn to overseas direct real estate funds within six months last year.
The new London-based manager launched by ex-Harrison Street Europe executive Daniel Gorzawski raised the capital for a specific UK living sectors portfolio acquisition.
Real estate equity, debt and advisory professionals have responded to the Labour Party’s landslide.
A recovery in activity levels is forming as institutional appetite turns positive during the first half of 2024, says James Jacobs, head of real assets for Lazard’s private capital advisory group.