Sector Investment 8 Hours

Last updated: March 20, 2026, 3:30 PM ET

Real Estate Capital Flows & Mandates

Pension fund mandates are shifting focus in private real estate as the Chicago-based public pension fund issued an RFP targeting non-core investment managers, suggesting a move away from core assets. This trend reflects broader market dynamics where capital is diverging from traditional reallocations as liquidity returns, indicating that proceeds from recent sales are not necessarily flowing back to previous strategies, as observed during MIPIM discussions. Separately, fundraising dynamics show that historically, larger funds completed their roadshows faster than their smaller counterparts, though recent conditions may influence this pattern.