Sector Investment 24 Hours

Last updated: April 2, 2026, 11:30 AM ET

Real Estate Fundraising & Strategy

Ares Management announced the final close for its latest US and European value-add real estate funds, with the US XI vehicle marking the firm’s largest-ever capital raise for a closed-end property strategy. Despite these large capital hauls, regional fundraising presents a mixed global picture, as capital committed to North American strategies relative to other geographies hit a five-year low last year, while European funds also struggled to meet fundraising targets. Elsewhere, the yield premium in niche property sectors is reportedly narrowing as increased capital flows into specialized assets, reducing the traditional compensation for information asymmetry and limited transaction histories, according to observers at Altus Group.

Infrastructure & Sector Outlook

Geopolitical instability, particularly surrounding the conflict in Iran, is shifting infrastructure focus from pure energy transition mandates toward energy security concerns, a development that may soon be reflected in private infrastructure fund naming conventions. However, the infrastructure secondaries market faces structural hurdles; attendees at the Global Summit heard that current dry powder levels are insufficient to cover even one year of potential transaction volume due to modest capital overhangs. Meanwhile, specific asset classes like real estate are demonstrating surprising resilience, as a director at the $130bn public pension indicated plans to gradually increase exposure, noting that real assets are currently outperforming their established benchmarks despite broader economic headwinds.