fundraising

CIO Steven Fischler says the firm is targeting a first close on April 1 as the firm bolsters its bridge and subordinate lending activity.

CalPERS backed the manager's latest debt strategy with a $1.5bn commitment, while Illinois, New Mexico and Ohio institutional investment funds also contributed to the fundraise.

Ravi Anand and three other PIMCO alum will establish the Boston-based manager’s real estate credit presence and outline plans for a flagship strategy.

The deal, which brings meaningful additional real estate credit capabilities, shows managers looking to scale are willing to go the extra buying mile.

The firm will originate first mortgages backed by high-quality assets in major US and Western Europe markets.

Bruce Flatt says retail and high-net-worth investor channels will bolster fundraising momentum for real estate strategies broadly.

The founder of JCR Capital has rolled out Canopy Real Estate Partners to support mid-market managers seeking to break into the institutional real estate fund management business.

With Jesse Hom at the helm, the firm is building up its real estate credit platform after the acquisition of Prima Capital Advisors.

The Chicago Teachers' Pension Fund committee is holding off on a $30m allocation to Basis Investment Group following its February meeting.

Manager raises its largest-ever fund, which will focus on asset-based investments.