Sector Investment 24-Hour Briefing
×Real Estate Investment
Morgan Stanley has raised nearly 75% of the capital targeted for its latest global opportunity fund, showing strong investor appetite. Zaga Capital completed first close on its debut German residential fund securing approximately €210 million. Geopolitical tensions are raising concerns, with delegates at the PERE Network Asia Summit noting that the Iran conflict will have mostly indirect implications for real estate.
Infrastructure & Asia Markets
Igneo is building a unified investor relations function under Carolyn Gilchrist's leadership as global head of capital formation. The Italian pension fund INPGI has issued two RFPs targeting €70 million in infrastructure investments. Asia continues to attract significant interest with developed markets showing strong performance and early AI-driven data center opportunities emerging.
Sector Outlook
The Jacksonville Police and Fire Pension Fund expects to reach its target allocation to non-core real estate by 2027. Meanwhile, Starwood's president noted that shifts in immigration and tourism numbers have negatively impacted the US property market.