Sector Investment 3 Days

Last updated: June 24, 2026, 5:30 PM ET

Real Estate

Prologis launched a $16.6 billion hostile bid for its UK rival Segro, a move that Segro’s board has ‘unequivocally’ rejected. The US logistics giant is now taking its offer directly to Segro’s shareholders, signaling an aggressive approach to expanding its European footprint. In a separate development, the Dutch investor Bouwinvest is proposing a new reciprocal tax framework aimed at boosting cross-border pension investment, a move its CEO described as unprecedented for the group Siezen highlighted the proposal's significance. Meanwhile, the LA Fire and Police Pension system is considering increasing its allocation to niche real estate strategies while reducing its exposure to public REITs, as it seeks to deploy capital more effectively in the current market cycle.

PSP Investments reported a $1.5 billion loss in its real estate portfolio for the fiscal year 2026, attributing the -7.3% return to factors including residential oversupply and domestic immigration policies. This performance has prompted the Canadian pension to shift its strategic focus towards infrastructure investments. Real estate managers are also playing a role in a significant stress-testing exercise by the Bank of England, contributing to the central bank's assessment of private market resilience firms are helping the Bank of England assess private markets. In Asia, Schroders’ head of Asia real estate, Ando, is set to step down, though he will remain in an advisory capacity for several months following his resignation less than a year after joining.

The California Public Employees’ Retirement System (CalPERS) is reportedly exploring a shift in its real estate allocation, potentially reducing its public REIT holdings to focus on niche strategies. This re-evaluation comes as the pension fund aims to optimize capital deployment. The Dutch investment manager Bouwinvest is also advocating for new cross-border pension investment frameworks, with its CEO emphasizing the group’s initiative in proposing a reciprocal tax structure Bouwinvest is proposing a new tax framework. In personnel news, Madison International has named future successors to its founder, elevating two senior executives while three others depart the real estate secondaries firm after a multi-year selection process.

Infrastructure

Conifer Infrastructure closed its inaugural fund at a hard-cap of $900 million, with a target net internal rate of return of 25%. The fund has already allocated approximately $190 million across platforms focused on hydroelectric, biogas, and helium opportunities. The European Bank for Reconstruction and Development (EBRD) is identifying infrastructure as a new frontier for nature-based finance, signaling a growing trend in sustainable infrastructure development. Seraya has reached the halfway mark for its second infrastructure fund, which aims to raise $1.5 billion Seraya is halfway to its $1.5bn target.

Allianz Global Investors is increasingly focused on infrastructure secondaries, with its co-heads of infrastructure funds identifying numerous attractive opportunities in this growing market. The Japan Science and Technology Agency has also begun to invest in infrastructure secondaries, reflecting a broader institutional interest in the asset class. Meanwhile, Uniper is experiencing a revival as infrastructure funds herald its recovery, suggesting a positive outlook for the energy company. The pipeline for infrastructure deals remains active, with I Squared’s APAC platform, Ares’ new infrastructure debt head, and Stonepeak’s pipeline exit all contributing to market activity.

Healthcare & Life Sciences

LLR Partners has completed a strategic investment in AxisCare, a provider of home care software solutions. The investment from LLR is expected to support Axis Care's growth and expansion within the healthcare technology sector. In a personal narrative, Ian Gardner and his wife developed a solution for comprehensive perinatal care after experiencing challenges in assembling a care team during pregnancy. This initiative highlights a growing demand for integrated health services, particularly in the maternal and infant health space.