Transactions by the PERE 100 cohort of managers were down in the year the market cycle turned, but their net investment positions increased, writes Tom Leahy, head of EMEA real assets research at MSCI.
The 2023 PERE manager rankings are based on the amount of private real estate direct investment capital raised by firms between January 1, 2018 until March 31, 2023.
The second tier of managers in PERE’s ranking of elite fundraisers, introduced this year, shows the depth of the industry and how rising competitors are angling for their shot at glory.