Sector Investment 24 Hours

Last updated: March 21, 2026, 6:30 AM ET

Real Estate Investment & Capital Flows

Apollo Global Management is injecting $1 billion for a 49% share in a new Realty Income venture focused on a long-term, net-lease retail portfolio, aiming to secure a fixed rate of return for the private equity giant. This move occurs as capital deployment in private real estate shows a noticeable shift, with proceeds from liquidity events diverging from traditional reallocation patterns rather than returning to prior investment channels, according to sources at MIPIM. Simultaneously, the Chicago Public Employees Fund is actively seeking external capital, issuing an RFP for non-core real estate investment managers to handle mandates. Meanwhile, analysis of fundraising dynamics suggests that while larger funds once closed fastest, recent data indicates that smaller funds are now experiencing longer roadshows to reach their final commitment targets.