Fundraising

After strong performance in 2025, the asset class is poised for another potentially strong year, a new report highlights. 

The Denver-based manager sees an opportunity set in resolving distressed capital stacks in mid-market assets. 

Senior commercial real estate professionals are leaving established investment managers to launch their own firms. But the path is not always straightforward.

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.

Mike Droege and Jeff Kert outline the firm’s plan to invest in more than $10bn of newly originated, performing US non-agency mortgage loans.

The manager says there is ‘momentum’ behind its fundraising activities as it targets a €500m final close.

Toll Brothers, DR Horton and Century Communities have made investments in the debt fund as AREC aims to raise $1bn in commitments.

The $27bn system is currently below its real estate target allocation.

This year’s PERE Lifetime Achievement Award winner, Artemis Real Estate Partners co-founder Deborah Harmon, has proven that championing diversity and delivering strong performance are not mutually exclusive.

The leading borrowers, fundraisers and dealmakers of 2025.