Asia-Pacific

Talent and hard work alone are not enough to allow female professionals in the private real estate industry to rise to the top.

According to AXA IM Alts head Isabelle Scemama, one key factor holds female real estate professionals back in advancing in their careers.

With a goal to replicate its platforms in the US and Europe, the firm seeks to raise more than $200m for its first Asia vehicle.

The high-profile departure comes two years after the New York-based investment bank’s reorganization of its property businesses.

The Korean insurer’s $1bn commitment will initially be allocated to three of the firm’s Asian and European real estate funds.

The push to hire or recruit women into top-level roles in private real estate comes with a multitude of challenges, not least of which is the lack of senior females in the industry.

Starwood now expects less troubled deal flow to emerge in the non-performing-loan space from the current pandemic crisis than it did before. But that should not worry investors which committed to its latest ‘distressed’ fund.

Partners at international law firm Withers highlight key developments impacting private funds in Singapore, Hong Kong and Japan.

The Miami Beach-based private investment firm will be the third private real estate manager to amass double-digit billions for a single property fund.

The Singapore-based manager’s incoming C-REIT will offer a conduit for international managers wanting access to Chinese capital.