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Last updated: May 19, 2026, 8:34 AM ET

Real‑Estate Investment Questioning risk metrics highlighted Step Stone Real Estate’s Jeff Giller warning that lagging asset performance is prompting limited partners to demand clearer loss attribution, a sentiment that could tighten capital flows to under‑performing funds. At the same time, the expanding CPP playbook saw Canada’s pension fund take a minority stake in Blackstone’s French logistics platform Proudreed, marking its first direct co‑investment in Europe and signaling a shift toward creative, partnership‑driven exposure in the continent’s warehousing sector.