The 2022 Global PERE Awards demonstrated the resilience of private real estate after macroeconomic factors such as the war in Ukraine threatened to derail the asset class. For instance, fundraising hit a five-year low in 2022, dropping 24 percent from $223.3 billion in 2021 to $168.7 billion last year, according to PERE data. This decline may also be explained by the strong fundraising volumes in 2021 and the lack of deployment of that capital. 

Despite this turbulence, the annual PERE Awards reveal there were many successes over the last year, with some winners outperforming their global targets. Blackstone stole the show with 11 award wins, taking its total to 112 and cementing its position as the most successful firm in the history of the awards. The New York-based manager also took home the coveted Global Firm of the Year award, won by Starwood Capital in 2021. 

All our winners emerged after a process that began in November when PERE invited submissions across more than 70 categories, spanning the Americas, Asia-Pacific, Europe and the Middle East and Africa. PERE’s editorial team then created a shortlist for each award category, which consisted of four firms, with companies also invited to submit nomination proposals for consideration – ­although these proposals were neither a requirement nor a guarantee that a firm would end up making the cut. Competition was as high as ever, making it difficult for the PERE team. And in December-January, readers were invited to cast their votes and crown the winners. 

Congratulations to all our winners and nominees and thank you to everyone who voted. You can now read all about the achievements of the winning firms, including an exclusive interview with this year’s Lifetime Achievement Award winner.