Sector Investment 24-Hour Briefing
×Last updated: March 13, 2026, 10:32 PM ET
Institutional & Advisory
The California Public Employees' Retirement System issued an RFP for investment consulting services, signaling active portfolio management review as it deploys capital. This follows Savills' $921 million acquisition of Eastdil Secured, a deal the firm says will accelerate its push into U.S. investment banking with minimal service overlap, expanding its institutional real estate advisory reach.
Infrastructure & Real Estate Credit
OpenAI CEO Sam Altman expressed short-term concerns about power generation for AI infrastructure, stating "I am hoping for a miracle" to solve near-term capacity constraints despite long-term confidence. This power demand narrative intersects with PIMCO Prime's François Trausch, who identifies fierce competition in Europe's evolving real estate credit market, with the firm positioning for opportunities ahead of a anticipated 2026 cycle shift.