Sector Investment 24 Hours

Last updated: May 19, 2026, 11:34 AM ET

Real‑Estate Performance Spotlight on lagging returns revealed that Step Stone Real Estate’s Jeff Giller flagged a 12% under‑performance versus peers, prompting limited partners to demand tighter loss‑allocation clauses. The scrutiny intensifies as investors seek clearer risk metrics amid a market still reeling from higher financing costs.

Pension‑Fund Expansion CPP’s European co‑investment saw the pension plan take a 15% minority stake in Blackstone‑backed French logistics platform Proudreed, marking its first direct exposure to European real estate and signaling a shift toward “creative” cross‑border allocations.