Sector Investment 3 Days

Last updated: June 25, 2026, 5:30 PM ET

Real Estate Sector Sees Succession Shifts and Hostile Bids

Private real estate firms are increasingly deviating from traditional single-heir succession plans, opting instead for a more flexible approach that offers multiple options for leadership transitions Two is no crowd. This strategic shift reflects a growing emphasis on optionality within founder-led businesses. Meanwhile, the sector is witnessing significant consolidation efforts, with Prologis launching a $16.6 billion hostile bid for its UK rival Segro. Despite Segro’s board unequivocally rejecting the US logistics giant’s offer, Prologis is now directly appealing to the firm’s shareholders to gain support for the acquisition. In a related development, Madison International has named two senior executives as eventual successors to founder Dickerman, following an extensive multi-year selection process, though three other executives have departed the firm.

Investor sentiment in the real estate market is also being shaped by international expansion and new fund strategies. Longpoint, a Boston-based manager, has secured backing from investors including the Texas Permanent School Fund for its debut European value-add fund, which is targeting logistics properties in Germany and the Netherlands. On the other side of the globe, the Japan Science and Technology Agency is beginning to invest in infrastructure secondaries, signaling growing interest in this asset class. In the Netherlands, Bouwinvest’s CEO explained the significance of the group’s first-ever proposal for a reciprocal tax framework aimed at boosting cross-border pension investment, a move described as unprecedented for the Dutch investor.

The US is also seeing shifts in real estate allocation strategies, with the LA Fire and Police pension fund considering building its allocation to niche real estate strategies. This comes as the California public pension system pares down its exposure to public REITs, seeking to optimize its investment performance within the current market cycle. Contributing to the broader understanding of private markets, real estate managers are assisting the Bank of England in a major stress-testing exercise. Firms that are significant non-bank lenders to UK real estate are providing data to the central bank, shedding light on the sector's resilience.

The Asian real estate market is also experiencing leadership changes. Schroders’ Asia real estate head is set to step down, with Ando remaining in an advisory capacity for a few months after resigning less than a year after joining in September 2025. Elsewhere, South Korean investment bank KB Securities is open to new partnerships with global General Partners and Limited Partners, indicating a willingness to explore various co-operation structures with international institutions.

Infrastructure Investment Sees Strong Fundraisings and Strategic Focus

The infrastructure sector continues to attract substantial capital, with Conifer Infrastructure’s first fund closing at its $900 million hard-cap. This fund, which targets a net internal rate of return of 25%, has already deployed approximately $190 million across several platforms focused on hydroelectric, biogas, and helium opportunities. Further demonstrating the sector's momentum, Seraya has reached the halfway mark for its $1.5 billion sophomore infrastructure fund.

A growing focus on specialized infrastructure segments is also evident. Allianz Global Investors is increasingly concentrating on infrastructure secondaries, with co-heads of infrastructure funds and co-investments Maria Aguilar-Wittmann and Tillman Mueller identifying numerous attractive opportunities in this expanding market. The European Bank for Reconstruction and Development (EBRD) is eyeing infrastructure as a key area for nature-based finance, signaling a strategic integration of environmental considerations into infrastructure development.

The infrastructure landscape is also being shaped by private equity involvement and strategic investments. LLR Partners has completed a strategic investment in Axis Care, a company focused on the healthcare and life sciences sector. In a sign of evolving market dynamics, infrastructure funds are heralding Uniper’s potential "phoenix moment", suggesting a turnaround or significant revitalization for the company. The pipeline for infrastructure deals remains active, with I Squared Capital’s Asia-Pacific platform, Ares’ new infrastructure debt head, and Stonepeak’s pipeline exit all noted in recent updates.

Healthcare and Life Sciences Private Equity Activity

In the healthcare and life sciences sector, private equity continues to drive investment. LLR Partners has completed a strategic investment in Axis Care, a company that provides software solutions for home care providers. This investment underscores the ongoing interest in technology and service providers within the healthcare ecosystem. Separately, the narrative around healthcare innovation is being shaped by personal experiences, such as Ian Gardner's journey to create a holistic care team for perinatal care, highlighting the demand for integrated solutions in patient support.