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PERE’s latest ranking of the largest real estate debt fund managers shows covid-19 has been no obstacle for the asset class.
After announcing plans to privatize its listed real estate platform earlier this year, the firm will now try to raise its biggest private fund ever.
Capturing nearly 60% of the sector-specific private real estate capital raised in last quarter, housing funds are proving they are able to maintain institutional support.
With nearly $8bn raised last quarter, open-end vehicles accounted for 90% of real estate capital inflows for Blackstone – and it sees room for further growth.
Two Sigma, a financial sciences company with $58bn in assets under management, has launched a real estate investment management business that will initially focus on North America.
Although the bulk of capital raised during the quarter went to diversified strategies, sector-specific funds were allocated to only three property types.
The Boston-based firm had launched its third value-add vehicle right at the onset of the pandemic in March 2020.
The appointment at advisory firm Sera Global follows that of Kilian Toms who joined in March from Landmark Partners to focus on EMEA.
Jim Barry, who previously helmed the unit in addition to being global CIO at BlackRock Alternative Investors, will now focus on the latter role.
The Toronto-based alternative asset manager will now expand its product offerings stateside following the take-private transaction.

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