PEI Group Data

Pressure for payouts mounts as many 2020- and 2021-vintage funds continue to generate little to no distributions.

The Washington, DC-based manager closed its latest opportunistic fund above its $8bn target within a shorter-than-average timeframe.

The fund fell short of its predecessor in size, but ranks as the fourth-largest Europe-focused real estate equity fund closed this year.

The Boston-based manager closed its 10th diversified North American opportunistic vehicle on $1.77bn in commitments.

The investment represents GPIF’s second direct investment in a European real estate fund and its fourth overall in private real estate funds.

The fund’s target sectors include data centers and student housing.

The Chicago-based firm’s fifth and largest fund to date came in over-subscribed, with 72% of capital committed by returning investors.

After Brookfield held an institutional close on what is set to be its largest-ever real estate fund, the firm’s CIO for real estate sees investors growing in confidence as transactions tick up.

Only 8% of the fund's capital was raised from investors based in the region, while the majority came from Middle East and APAC investors.

The world’s largest REIT faces a daunting fundraising market, but the top executives in its strategic capital business are up for the challenge.