North America

According to AXA IM Alts head Isabelle Scemama, one key factor holds female real estate professionals back in advancing in their careers.

The high-profile departure comes two years after the New York-based investment bank’s reorganization of its property businesses.

The industry’s escalated focus on placing more women into senior roles has raised new concerns for professionals in private real estate.

The push to hire or recruit women into top-level roles in private real estate comes with a multitude of challenges, not least of which is the lack of senior females in the industry.

The Austin-based pension plan outlines a revised policy for its investment portfolio.

The US public pension is diversifying its real estate portfolio by increasing its exposure to non-core real estate and introducing a co-investment program.

James Jacobs, head of real estate for Lazard’s private capital advisory group, says the easing of restrictions on both sides of the Atlantic is changing institutions’ appetite for risk.

Starwood now expects less troubled deal flow to emerge in the non-performing-loan space from the current pandemic crisis than it did before. But that should not worry investors which committed to its latest ‘distressed’ fund.

The new advertising guidelines could give private funds more space to innovate. But they also bring their own compliance complexities.

San Francisco-based Rubicon Point Partners closed on $230m for the value-add vehicle, which targets the US office sector.