opportunistic

The Miami-based investment firm has completed its biggest-ever initial closing with its latest property vehicle, which is also the largest in market.

The Europe-focused private equity real estate firm has hired a team from Kennedy Wilson to invest in the world’s largest property market.

Asia-Pacific real estate funds recorded the biggest year-on-year growth in terms of total capital raised in the first half of 2020.

The New York-based alternative asset manager, formerly known as Och-Ziff Capital Management, beat the target for its latest property vehicle by nearly $1bn.

Following positive return performances in 2018, family office allocations to the strategy increased by 2.1 percentage points – more than any other asset class.

The pension fund, among others, is concerned about the additional risks managers in the strategy are taking in order to meet higher return targets.

As private real estate fund market consolidates, the New York manager continues to be the destination of choice for institutional capital

The Dallas-based firm rolled over uncalled capital from a predecessor vehicle to help close on $4.7bn for Lone Star Real Estate Fund VI.

With the addition of Oaktree, a respected credit business, Brookfield has shown how debt investing has risen to prominence post-global financial crisis and become crucial for being a global diversified asset manager, reports PERE's sister title Private Debt Investor.

Targeting a smaller vehicle goes against the trend of firms able to raise successively larger funds. There are benefits – and risks – in doing so.