Sector Investment 3 Days

Last updated: July 11, 2026, 2:30 PM ET

Real Estate Fundraising Slows, Managers Seek Expertise

Real estate fundraising in the first half of 2026. Despite the muted aggregate capital raised, approximately 70% of funds that closed during the period at final close. Henderson Park has hired Tyler Rothenberg, a veteran from Cerberus, to bolster its US expansion efforts. The London-based manager has nearly doubled the headcount of its US team since 2024. In a similar move to leverage specialized knowledge, Norway's sovereign wealth fund, Norges Bank Investment Management, has outsourced the management of its office holdings in London and Paris to Stanhope, aiming to improve returns. Hong Kong's Link REIT appointed Redevco's Michael Slater as its incoming CEO. While Slater has experience building a private funds platform, he will not lead such an initiative at Link REIT. Despite the appointment of a European property veteran to lead Asia's largest listed REIT seeming unusual, the choice is logical for several reasons. Australia's superfund, Rest, is exploring US property investments as part of its broader private markets ramp-up. The fund's head of private markets, Marina Pasika, indicated that Rest avoids rigidly categorizing its portfolio by asset class and extends its thematic investment views to unlisted real estate.

Infrastructure Investment Focus on Diversification and Mid-Market

M&G, the UK life insurer, is prioritizing diversification within its £4bn infrastructure portfolio, according to Anish Majmudar, the company's head of infrastructure. M&G is also showing interest in acquiring more infrastructure assets in the secondaries market. Australia's Rest superfund, through its new head of private markets Marina Pasika, reiterated its commitment to infrastructure investments. Pasika noted that the fund's young member base benefits from infrastructure's long time horizons, aligning with the asset class's suitability for long-term investment goals. Mid-market infrastructure assets are outperforming their large-cap counterparts, though the performance gap between top-tier and lower-tier large-cap managers is narrower. Data centers, while facing evolving contractual structures and new challenges, continue to show positive creditworthiness due to sustained demand. Healthcare compliance has transitioned from a secondary concern to a significant factor in deal-making, according to Wiks Moffat, founder and CEO of Calyx Compliance, who possesses 30 years of experience in healthcare compliance.