Sector Investment 24-Hour Briefing
×Last updated: March 13, 2026, 3:32 PM ET
Infrastructure & AI
Issued an RFP for consulting services, the California Public Employees' Retirement System (MCERA) is actively seeking strategic guidance for its infrastructure allocations, underscoring sustained institutional demand for the asset class. This pursuit of external expertise contrasts with the immediate operational hurdles highlighted by OpenAI's CEO, who warned of short-term constraints in building the massive power generation required for AI infrastructure, stating confidence only in a long-term solution. The divergence between pension fund commitment and near-term energy bottlenecks frames a critical investment tension.
Real Estate Services & Credit
Acquired for $921m, Savills' purchase of Eastdil Secured is a decisive move to eliminate redundancy and rapidly scale its U.S. investment banking capabilities, directly accelerating its integrated service strategy. Concurrently, PIMCO Prime's chief is positioning for a wave of opportunities in European real estate credit by 2026, anticipating fierce competition as the market evolves. These parallel developments signal consolidation among service providers and a strategic shift toward credit strategies in a maturing real estate cycle.