The Miami-based investment firm has completed its biggest-ever initial closing with its latest property vehicle, which is also the largest in market.
More than half of the capital for the California firm’s latest vehicle came from the region, much of it from first-time investors.
The firm had over $20bn of inflows in Q2 2020, which includes significant capital raised for the Blackstone Real Estate Debt Strategies IV.
Asia-Pacific real estate funds recorded the biggest year-on-year growth in terms of total capital raised in the first half of 2020.
The New York-based alternative asset manager, formerly known as Och-Ziff Capital Management, beat the target for its latest property vehicle by nearly $1bn.
The Chicago-based manager’s latest real estate debt fund carries the same strategy as its predecessor, but the lower return targets are a function of the late cycle, PERE has learned from a source.
Private real estate fundraising ended 2019 on a sour note, with managers closing just $14.5 billion in the last three months of the year.
The real estate lender is charging a 1.5% management fee, according to Arkansas pension fund documents.
As private real estate fund market consolidates, the New York manager continues to be the destination of choice for institutional capital
Bain Capital is the latest manager to target non-performing real estate loans, a strategy that has been attractive to institutional investors.