fundraising

Continuity concerns over the manager’s $650m sale to Barings appear to be quelled as it pulls in its second-largest capital haul to date.

The commitment will allow the firm to expand its lending capacity to $600m.

The $370bn Sacramento-based pension fund has moved to support more multifamily and industrial-focused strategies, including a $250m commitment to Greystar’s second real estate credit fund closing this week.

Bridge Debt Strategies V’s investment plan includes originating first mortgages and buying debt securities.

The Charleston-based manager surpassed its original $750m target for the real estate credit vehicle and has already committed $1.8bn in loans.

Hodes Weill and Cornell University’s annual report finds institutions lowered targets 10bps on average in 2025, the first decline in the survey’s 13-year history.

The unit will sit within the firm's $280bn private wealth business and will focus on broadening retirement savers’ access to private markets.

Pressure for payouts mounts as many 2020- and 2021-vintage funds continue to generate little to no distributions.

PERE Credit data reveals global real estate debt fundraising almost reached $30bn in H1 2025.

PERE’s investor ranking sees its first-ever aggregate decline in property exposure as macroeconomic factors continue to weigh on values and sentiment.