Private real‑estate managers finally see capital flowing back after two years of drought, according to PERE’s 2026 fundraising report. Total allocations to the asset class jumped sharply, signaling that investors are regaining confidence in a market that struggled with higher rates and limited exits. At the same time, Bain Capital closed its flagship fund at $3.4bn, the largest raise among peers this cycle and a clear vote of trust from limited partners.

Across the Atlantic, CBRE Investment Management launched its second‑ever secondaries vehicle, delivering a dramatic increase in committed capital and positioning the firm as a go‑to partner for sellers seeking liquidity.EQT expanded its U.S. investor coverage, adding several new limited partners to diversify its capital base. Meanwhile, Lone Star signaled interest in office assets, hinting at a potential shift toward opportunistic acquisitions as vacancy rates stabilize. Industry watchers view these moves as early signs that the private‑real‑estate sector may be exiting its contraction phase, setting the stage for renewed deal activity and higher valuations in the coming years.