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UBS makes affordable housing debut via fund recap – Exclusive

The Swiss bank’s real assets asset management arm recently completed the recapitalization of Avanath Capital Management’s first fund.

Texas TRS’s Walker on going direct in real estate

PERE sits down with the firm’s senior director of real assets to hear why this institutional money from the Lone Star state is pivoting away from commingled funds.

Carlyle’s Schwarzschild on five ways to get ahead

Sarah Schwarzschild, partner and co-head of Metropolitan, Carlyle’s real estate multi-manager platform, has become a private real estate role model for her professional progression while growing a family. She shares thoughts on how she made it happen.

Investors want lower fees, more transparency

Costs and disclosures are the top concerns emerging from PERE's Investor Perspectives 2019 Survey.

Co-investment gains popularity with investors despite challenges

Sidecar investments have become more common and more sought out in recent years, but only certain investors can take advantage of them

In co-investing (nearly) anything goes

Sidecars that invest alongside traditional private real estate funds are on the rise, but their terms vary greatly. This lack of uniformity is unhelpful and will not last.

What co-investing offers for the mid-sized manager

Looking to compete with the top equity firms, smaller managers are finding greater leverage when negotiating with investors by offering co-investments

Co-investing fees are negotiable, but only for the few

While most managers offer a 50% discount, better deals for investors can be had.

RE secondaries volumes drop 12% amid fewer big portfolio sales

The lower-risk nature of real estate exposure means sellers are less likely to opportunistically bring $1bn-plus portfolios to market.

Bigger, faster, smarter co-investors

Private real estate’s investors are staffing up and changing their policies to become more adept at using sidecars.
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