Sector Investment 3 Days

Last updated: June 23, 2026, 2:30 PM ET

Real Estate Investment

Bouwinvest’s CEO highlighted the Dutch investor’s inaugural proposal for a reciprocal tax framework aimed at stimulating cross-border pension investment, marking a significant departure for the firm. In a related development, the LA Fire and Police pension is contemplating an increased allocation to niche real estate strategies, a move that comes as the pension fund pares back its exposure to public REITs. Meanwhile, major non-bank lenders to UK real estate are participating in a critical stress-testing exercise by the Bank of England, underscoring the growing scrutiny on private market lending. PSP Investments reported a $1.5 billion real estate loss in fiscal 2026, attributing the portfolio's -7.3% return to factors including domestic residential oversupply and immigration policy shifts. Madison International has elevated two senior executives to succeed founder Dickerman, following a multi-year succession process, though three other executives have departed the secondaries manager. South Korean investment bank KB Securities is actively seeking new partnerships with global GPs and LPs, indicating openness to various cooperative structures.

Infrastructure Investment

The Japan Science and Technology Agency has commenced investing in infrastructure secondaries, signaling a growing appetite for this asset class. Concurrently, Conifer Infrastructure’s debut fund successfully closed at its $900 million hard cap, with approximately $190 million already deployed across platforms focused on hydroelectric, biogas, and helium projects. The fund targets a net internal rate of return of 25%. Seraya Partners has reached the halfway mark for its $1.5 billion sophomore infrastructure fund. The European Bank for Reconstruction and Development (EBRD) is identifying infrastructure as a primary area for future nature-based finance initiatives. I Squared Capital’s APAC platform is a notable part of the current deal pipeline, alongside Ares’ appointment of a new head for its infrastructure debt division and Stonepeak’s potential exit from a pipeline asset. The Iran war has intensified focus on energy costs, prompting real estate managers to re-evaluate how renewable energy can mitigate supply volatility risks.