Charlotte D'Souza
As the dust settles on BNP Paribas’ acquisition of AXA IM, Isabelle Scemama says aligning different types of capital is a priority for the group’s recently merged alternatives business.
The merged entity will boast a combined real estate heft of around $172bn in assets under management across equity and debt in all major regions.
PERE’s investor ranking sees its first-ever aggregate decline in property exposure as macroeconomic factors continue to weigh on values and sentiment.
Sovereign wealth funds’ total allocation to real estate has declined for the third year running, Invesco’s latest research finds.
The Paris-based insurer has appointed two senior executives to drive expansion of its North American and Asia-Pacific real estate units.
Gaining significant exposure to real estate credit was also a key draw, according to global co-head of real estate Karim Habra.
With the country set to elect a new governing party for the first time in 14 years, industry executives consider the implications.
Andrew Allen was appointed global chief investment officer at the London-based manager following Kiran Patel’s retirement last month.
The Southern Europe-focused manager took just five months to reach a final close for the fund, well below the European average.
At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.