Capital Formation

Two fundraises reported this week demonstrate the importance of investment focus in the absence of scale.

The Boston-headquartered traditional funds behemoth is wading into the real estate market with a targeted data centers fund.

The firm has made a trio of hires in the past three months following the launch of its regional core-plus fund, which has already invested $900m to date.

The New York-headquartered manager’s latest vehicle also marks its first dedicated secondaries vehicle with an opportunistic risk-return profile.

Indianapolis-based Buckingham Companies received backing from LaSalle’s investor for its suburban multifamily strategy.

The Annapolis, Maryland-based logistics specialist will pursue distressed assets as one area of focus with its latest vehicle.

The New York-headquartered manager has also formed an overflow vehicle with one of the fund's anchor investors to take advantage of further distress.

The Boston-based manager has raised $1.65bn for its seventh opportunistic vehicle.

The Dallas-based manager, historically a shorter-term holder, is considering converting an existing closed-end fund to an open-ended structure as part of a plan to establish its first long-term hold strategy.

The Frankfurt-headquartered global manager has promoted Brian Maute to lead a dedicated team targeting registered investment advisers and broker-dealers.