Sector Investment 24 Hours

Last updated: April 15, 2026, 11:30 AM ET

Private Markets & Real Estate Dealmaking

The environment for unlisted asset fundraising returned to earth in the first quarter, with closed-end structures securing only $26.4 billion, marking the second-lowest Q1 haul in six years, though expectations remain for larger closings later in the year. This backdrop of measured capital formation contrasts with active M&A, as Ares prepares its second REIT privatization of the year, absorbing the necessity retail-based Whitestone portfolio. Furthermore, global real estate transactional activity saw La Caisse establish a joint venture with Prologis while Federated Hermes expanded its US footprint through asset acquisitions, indicating strategic repositioning despite slower overall capital inflows.