Jonathan Brasse
Private real estate veteran Sonny Kalsi is to lead a growth strategy for Sun Life Capital Management, which aims to see its assets under management double to $600bn within five years.
The top force fuelling M&A among private markets managers is the ambition to become as relevant to private wealth and insurance money tomorrow as institutional capital today.
PERE America’s keynote speaker told members capital market dislocation means managers need to prioritize conversations with their lenders.
The Newport Beach-based manager has closed its second property credit fund on $3bn, more than double the size of its predecessor.
Lone Star founder John Grayken sees a limited window for distressed investing while most people wait for private real estate market conditions to settle. He discusses it with Jonathan Brasse.
The US endowment's commitment into the manager’s BREIT fund announced last week is a 'win-win' for both sides and an absolute 'home run’ thanks to the extra liquidity and flexibility it provides, Nadeem Meghji, Blackstone’s head of real estate Americas, told PERE.
The denominator effect is causing notable instances of overexposure to property, according to the latest Allocations Monitor released this week by Hodes Weill and Cornell University’s Baker Program in Real Estate.
In February, Blackstone’s Jon Gray explained why it is time to respond to private investment’s naysayers with a targeted campaign of facts about the sector’s non-financial efforts.
The London-based private equity firm picked the New York giant as a minority shareholder also for the soft benefits that brings.
In buying Oaktree and capturing its credit business, Brookfield now has capital to serve its clients at all times, says chief executive Bruce Flatt.