North America

Institutional investors are backing development in constrained asset classes despite pricing and labor pressures.

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 quarter saw the close of four $1bn-plus mezzanine/debt funds, which accounted for a bulk of the capital raised during this period.

A lack of transparency in GP-led deals can backfire on general partners, says former ILPA chairman and CalPERS veteran Joncarlo Mark.

Real Estate Investment Partners takes Goldman Sachs back to the world of global private equity real estate fundraising. But the comeback fund looks different to the Whitehall Street series which the bank ran before the global financial crisis.

Goldman Sachs has echoed Morgan Stanley by returning to private equity real estate funds with a rebranded series carrying a considerably more conservative strategy.

The investment arm of the Canadian insurer has made an internal promotion to continue to lead its Asia real estate footprint expansion.

With co-investment capital and debt, the Toronto-based manager has approximately $2bn of investment power with the vehicle.

The New York mega-manager has focused its property investments in key thematic sectors to navigate the choppy waters ahead.