fundraising

The fund’s commercial focus differs from its predecessors, which targeted an array of assets.

The newly-created position is part of JLL’s ambitions to be the largest capital advisory firm by team members next year.

One limited partner considers Fund X to be value-add, although it classified the vehicle’s predecessor as opportunistic.

Jean Salata’s private equity firm took 18 months to raise its first pan-Asia opportunity fund but its strong performance has seen it gather three times the equity for its successor vehicle in a fraction of the time

Cheyne’s latest vehicle is 80% invested with a greater focus on senior debt funds.

The firm will target family offices and investment advisors through the new investment program.

Despite headwinds affecting the sector, Sterling Organization has exceeded the $450m target on its latest vehicle.

The New York-based firm expects to bring its latest global property fund to market in the third quarter, with a close as early as year’s end.

Private real estate fundraising has continued to decline since its 2015 peak, but our interactive report, broken down by strategy, sector, fund size and region, also reveals a number of surprising results.

The firm has received a commitment from the Texas Municipal Retirement System.