Sector Investment 3 Days

Last updated: May 25, 2026, 8:34 AM ET

Private Markets & Real Estate

Kayne Anderson closed its largest-ever fund at $5.2 billion, an over-subscribed vehicle targeting niche sectors like medical offices and senior housing, signaling persistent appetite for opportunistic real estate. Meanwhile, the secondary market swelled to $220 billion as liquidity-starved GPs and LPs navigate a three-and-a-half-year cycle of poor distribution profiles, with lower middle-market healthcare assets seeing particular pressure. In a contrasting move, CPP reallocated capital toward data centers while trimming retail and office exposure, even as its global real estate portfolio posted a modest 3.7% return for the fiscal year, reflecting a broader institutional shift toward digital infrastructure.