Capital Formation

The New York-based manager raised more than half of Fund X’s total from non-US investors.

Amid rising uncertainty, institutional investors are moving towards defensive sectors like industrial, according to James Jacobs, head of real estate for Lazard’s private capital advisory group.

The Chicago-based firm raises more than double the amount of its predecessor fund as the signature series returns to prominence.

The Dallas-based manager has raised $400m for its first fund and, having completely deployed the vehicle, plans to go back to fundraising later this year.

Private real estate is overlooking long-term opportunities amid near-term concerns, warned speakers at last week’s PERE Global Passport event.

The Los Angeles-based manager has far exceeded its 8-12% performance targets in early exits for the vehicle, which was launched last year.

The Dallas-based real estate manager is seeing up to 20% discounts on multifamily assets because of market repricing from higher interest rates.

The Boston-based manager has partnered with Green Bridge to invest in solar and EV charging for its 10 million-square-foot industrial portfolio.

The Houston-based firm raised almost $2bn via two single-investor development vehicles, seeing a growth opportunity in the markets adjacent to its home, Americas CIO Alfonso Munk tells PERE.

Market uncertainty could put more transactions on ice during the second half of the year, according to capital advisory firm Hodes Weill.