Sector Investment 24 Hours

Last updated: April 24, 2026, 11:30 AM ET

Private Markets & Real Estate

Fundraising activity in private markets continues to show extreme concentration, with the top 10 funds accounting for over 40% of all capital raised between 2021 and 2025, securing a combined $403 billion. This centralization is mirrored in infrastructure, where Basalt achieved a first close of $1.5 billion for its fifth fund, reaching half of its $3 billion target within eight months of launch. However, deal execution is facing headwinds as the climbing cost of capital forces market participants to rework capital stacks amid persistent global geopolitical risk, placing strain on dealflow across the real estate sector. In response to these pressures, Australia’s Qualitas is moving to internalize asset management, appointing Jesse Curtis to lead a platform focused on sourcing stable, income-producing direct real estate investments. Furthermore, the advisory space is consolidating, evidenced by Chatham Financial’s acquisition of Hodes Weill, reflecting the evolving role of placement agents in private real estate capital formation.