Harrison Connery
The asset management giant's long-time property chief will transition to executive chair, according to an internal memo.
The country’s deglobalization push is causing groups like CalSTRS and CalPERS to consider globalizing their property portfolios.
Current property boss and long-time executive Chris McGibbon will retire after nearly 24 years with the company.
The firm, run by former AEW execs, targeted public pension investors via emerging manager programs.
The takeover of female-founded Artemis would amplify Barings' real estate debt and equity platforms further.
The New York-based manager closed its first two vehicles on $550m in commitments.
The median real estate manager could beat private equity returns by 20 basis points over the next decade, he said at PERE Network’s America Forum.
Amid a new round of promotions, hires and exits, one executive is leaving just months after being promoted to a global co-head role.
The Chicago-based firm joins a growing list of managers targeting distress.
Real estate equity in the US and Asia helped to drive the firm’s Q2 deployment in real assets to the highest level in over two years.