fundraising

The firm raised nearly $1.3bn of capital for a pair of credit funds that included the California manager’s first distinct real estate debt offering. 

Norges Bank Investment Management concludes its wide search for the position with the hire of the CIO of Hines’ European business.

Canopy Real Estate Partners, which in February launched its first real estate private equity fund, is set to expand the geographic focus of the venture.

The sovereign investor will tap into existing real estate, asset-based lending and private credit strategies from Fortress alongside the manager’s existing capital pools.

The manager-developer partnership is targeting $200 million in preferred equity and mezzanine investments across multifamily and industrial sectors 

The PERE Podcast takes a deep dive into the real estate capital raising environment, with perspectives from Harrison Street's Geoffrey Regney and Park Madison Partners' Nancy Lashine.

The firm’s second real estate private credit fund is targeting $515m.

Berkshire Residential notched the largest capital raise for the first two months of the year, with $1.9bn for Berkshire Bridge Loan Investors III.

Ventura County Employees Retirement Association also made a $75m allocation to multi-sector focused debt strategy VWH Master Fund IV during the period.

The structure of RCG Venture’s acquisition of a $1.8bn retail portfolio, which includes buckets of non-real estate capital, presents a framework for a new kind of deal in the sector.