Term Sheet: Federal Reserve sets sights on higher bank capital requirements; KKR eyes distressed opportunities in favored sectors; San Francisco grows green shoots; Invesco and Franklin BSP kick off fundraising for real estate debt strategies

The US Federal Reserve plans to create more stringent bank regulations; KKR’s Ralph Rosenberg dives into the manager’s focus on distressed assets in still-favorable sectors; San Francisco’s real estate market has cause for optimism heading into future quarters; and more in today’s Term Sheet, exclusively for our valued subscribers.