opportunistic

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.

The private equity firms’ large bet on the hotel owner and operator speaks to the faster-than-expected rebound in the sector, but its pricing remains a point of contention.

The New York-based private equity firm’s CIREP V marks the second higher-risk, higher-return property fund closing to be announced in a week.

The higher returning strategy raised only $35.4bn, but the average fund size hit an all-time high, according to PERE data.

The Miami-based investment firm has completed its biggest-ever initial closing with its latest property vehicle, which is also the largest in market.

The Europe-focused private equity real estate firm has hired a team from Kennedy Wilson to invest in the world’s largest property market.

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.

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

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