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What to know about NPS’s $1.9bn opportunistic bet with KKR, IGIS

The South Korean public pension giant is the majority investor in the mixed-use development project in Seoul’s Gangnam business district.

BlackRock aims to double real estate AUM in five years

Despite static asset value and senior departures, the world’s biggest asset manager is eyeing aggressive expansion, with US value-add commingled funds one strategic target area.

PGIM eyes global expansion of RE defined contribution business

The New Jersey-based manager intends to launch new products in the strategy on the back of two senior personnel moves.

FX volatility weighs on Blackstone’s real estate business

Asian currency fluctuations in particular were a drag on the firm’s global opportunistic fund series in Q3.

Opportunity zone pioneers must account for uncertainty

Firms are scrambling to capitalize on the new investment opportunity, but the language and definitions in the legislation still need more clarity.

BlackRock global RE head to depart – Exclusive

Marcus Sperber is the fourth senior executive to leave the New York-based asset management giant’s property business in the past two years.

HighBrook closes on its largest-ever fund – Exclusive

The New York-based firm garnered more than twice the amount of its previous capital raise.

Bridge launches opportunity zone initiative – Exclusive

The strategy taps a new federal program that encourages investment into low-income communities by offering tax benefits on an estimated $6.1trn of eligible unrealized capital gains.

Meyer Bergman makes logistics debut as part of diversification push

The retail-focused asset manager has continued to expand into new sectors by acquiring a nine-property portfolio in Italy.

Time to question if the Yale model is still worth copying

The Ivy League endowment’s strategy of investing heavily in via active management strategies has seen copycat efforts from other endowments, but fee loads are prompting questions about whether that was such a good idea.

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