Sector Investment 24-Hour Briefing
×Private Real Estate Investment
South Korean pension fund GEPS plans to double real estate exposure over the next five years, committing $250 million to commingled funds in the next 12 months as it pivots away from single-asset investments. The broader fundraising landscape shows mixed signals, with capital targeted by private real estate funds in January 2026 declining from 2025 levels while the number of funds seeking investment continues to rise. Institutional investors are increasingly weighing cornerstone commitments to new funds, with leaders from APG, ADIA and ART expressing willingness to make founding partner investments if terms and alignment meet their criteria. Meanwhile, BlackRock's Japan strategy is shifting toward smaller, shorter-duration investments as Bank of Japan rate normalization complicates longer-term real estate planning, with the asset manager prioritizing quick-exit opportunities over traditional buy-and-hold strategies.
Healthcare Private Equity
New Spring Healthcare has led a $140 million capital raise for Honest Health, a Nashville-based company formed in 2021 that partners with health systems to support their operations. The investment underscores continued strong interest in healthcare services platforms, particularly those offering operational support to hospital systems seeking to optimize efficiency and expand service offerings. This deal represents the latest in a series of significant healthcare investments by New Spring, which has been actively building a portfolio of healthcare services companies focused on technology-enabled solutions for providers.