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Pennybacker raises more than $1bn for latest value-add vehicle

The firm exceeded the $600m target for its fifth value-add fund and raised additional capital for an investment vehicle linked to the main fund.

Why family offices are increasing their real estate allocations

Following positive return performances in 2018, family office allocations to the strategy increased by 2.1 percentage points – more than any other asset class.

Hines hires PGIM exec Alfonso Munk amid management restructure

The Houston-based firm has moved to a more centralized structure and will have three regional chief investment officers.

How private RE became the land of the giants

In a marketplace dominated by elite fundraisers, the biggest pools of institutional capital are getting what they need while the mega-managers are getting what they want

CBRE GI nixes sidecar option for $900m Asia value-add – Exclusive

The previous fund in the investment manager's Asia value-add series, along with its co-investment vehicles, corralled $1bn in 2017.

Why Chicago Teachers has not invested in RE debt in 18 months

The pension fund, among others, is concerned about the additional risks managers in the strategy are taking in order to meet higher return targets.

Real estate secondaries volumes dip in H1 2019 – Setter

Real estate secondaries transaction volumes fell 39.2% during the first half of 2019 but the dip is expected to be temporary, according to private equity secondary advisory firm Setter Capital.

Does AEW’s Asia core fund defection matter?

Whether the Boston-headquartered manager should fret over losing Gillian Chee, the manager of its incoming Asia core fund, is debatable.

Swedish manager Profi turns to international investors for fifth fund – Exclusive

The private equity real estate firm, focused on value-add investing in Sweden’s major cities, is extending its fundraising reach beyond domestic investors as it targets a $300 million haul.

BC Partners: The 11th hour competitor

Private equity heavyweight BC Partners is throwing its hat into the real estate ring at a frothy time for the sector, but division boss Stéphane Theuriau believes timing is irrelevant when you offer multiple risk and return strategies.
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