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RE secondaries volumes drop 12% amid fewer big portfolio sales

The lower-risk nature of real estate exposure means sellers are less likely to opportunistically bring $1bn-plus portfolios to market.
Personal development promotion

Evercore promotes two to partner

The promotions of Jarrett Vitulli and Rodney Reid bring the total number of partners within the private capital advisory group to three.
building

Portfolio Advisors hits $200m mark on RE FoF

Stakes in real estate vehicles accounted for 7% of total deal volume last year, according to advisor Greenhill.
Personal development promotion

Landmark promotes 31 professionals including one to partner

The promotions at the private equity and real estate secondaries firm include a Secondaries Investor Young Gun.
Sarah Schwarzschild

Metropolitan promotes Schwarzschild to partner

The appointment comes a week after the Carlyle unit amassed $1.2bn for its sophomore real estate secondaries fund.

Metropolitan closes RE secondaries fund on $1.2bn

The Carlyle unit has raised more than double that of its previous vehicle.

Real estate pricing jumps amid sales of younger vintages – Setter

Average top pricing for real estate stakes is up nine percentage points year on year, while buyout and VC funds have had declines.

When the highest price isn’t always best

LPs should consider what an offer from a secondaries buyer means for a GP's future, according to panel participants at an industry conference in London.

Peakside Capital launches tokenised RE fund 

The vehicle will allow investors to buy and sell their equity stakes in the fund within minutes and without any negotiation process.

Lubert-Adler runs tender offer on RE co-investment fund

Limited partners in the firm's 2010-vintage $400m co-investment vehicle can approve an extension or sell to a secondaries buyer.

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