Blue Owl's real estate platform gathered $3 billion in equity for its net lease strategy during the first quarter, representing roughly three-quarters of all real estate equity the firm raised in that period. The platform is led by global head and co-president Marc Zahr. Private real estate compensation is showing signs of recovery, with chief financial officer roles at operational platforms experiencing the strongest growth among all categories.

Meanwhile, Ares Management secured $5 billion in equity and debt commitments for real estate in Q1, putting the firm on track for a potential record fundraising year. Jeff Giller, partner and head of StepStone Real Estate, attributed escalating losses from covid-era investments more to risk-taking than market events, in comments published ahead of PERE's May cover story.