The PERE podcast is a weekly discussion between members of our senior editorial team providing you with analysis-led commentary about the biggest events in priv...
‘The pensions want in’: What Jadian’s $2bn fundraise suggests about niche strategies
Achieving fundraising targets and substantially growing capital commitments from one vehicle to the next have become rare feats for private real estate managers, especially those lacking lengthy track records to fall back on. So when an emerging manager not only outraises its initial target by over 40 percent, but also quadruples the size of its predecessor vehicle, it is well worth a closer look.
The latest episode of The PERE Podcast does just that, shining a light on PERE's exclusive report about Connecticut-based manager Jadian Capital lining up over $2 billion for its second opportunistic real estate fund – as PERE exclusively reported Friday – more than triple the size of the manager's inaugural vehicle, which it closed on $650 million in 2020.
Listen as PERE senior reporter Harrison Connery breaks down Jadian's massive fundraise in conversation with PEI real estate group editor-in-chief Jonathan Brasse and PERE Americas editor Greg Dool, including insights from Jadian founder Jarrett Cohen on the manager's unique deployment strategy and why it resonated with institutional investors.
Also read: "Jadian Capital lines up $2bn for second fund, 40% above target"
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MIPIM 2025: Geopolitical volatility could benefit European real estate
The annual MIPIM conference in Cannes is an important barometer of sentiment for the global real estate market. This year, seven of PERE’s journalists held a combined 100 meetings with leading managers in the real estate industry, spanning both the equity and debt markets.
This access to a wide concentration of viewpoints provided the team with insight into how industry stakeholders are really thinking about capital raising and debt availability, as well as their strategies for survival in a climate of continued political and economic volatility.
So, what did this year’s MIPIM tell us about the market that we didn’t already know? Listen as Lucy Scott, deputy editor of Real Estate Capital Europe, compares notes with PERE EMEA editor Charlotte D’Souza, PERE Credit editor Samantha Rowan and REC Europe editor Daniel Cunningham.
Also read:
PERE Credit: No black swans this time but macro fears temper optimism at MIPIM
PERE Deals: MIPIM 2025: Beds, sheds and hand-on assets appeal most
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'This is the moment to act': KKR, Blackstone and the race to snap up UK REITs
American private equity has been storming into the UK-listed property sector this month with a series of takeover bids.
On Monday, KKR and New York-based Stonepeak intensified their pursuit of London-listed healthcare real estate investment trust Assura, with the two managers advancing a £1.6 billion ($2.1 billion; €1.9 billion) cash offer.
Meanwhile, Blackstone and Sixth Street sweetened their offer for London-based Warehouse REIT with a £470 million bid that was again rebuffed by the industrial investor. And on Tuesday, US-listed nursing home investor CareTrust REIT struck an $817 million agreement to acquire UK-listed Care REIT.
What do these three developments, each of which involve US investors hunting publicly traded UK sector specialists, say about the state of the global real estate investment market? Listen as Jonathan Brasse, Evelyn Lee and Randy Plavajka break it all down on the latest episode of The PERE Podcast.
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Back leverage is changing the game for alternative debt funds
On the heels of Real Estate Capital’s deep-dive analysis of the emergence of back leverage in European property markets, a new episode of The PERE Podcast looks at how this form of finance will reshape the way real estate debt funds provide loans on the continent.
A common feature of the US market for some years, the increasing use of back leverage by banks and alternative lenders in Europe is not merely a trend, “but a structural shift in how commercial real estate debt is conceived and executed,” according Jessica Qureshi, an associate at Knight Frank Capital Advisory and author of a February research report on the topic.
How, exactly, does back leverage work, and what does its increased adoption mean for global real estate debt markets? Listen in as Real Estate Capital editor Dan Cunningham, PERE Credit editor Samantha Rowan and PERE Credit deputy editor Randy Plavajka break it all down.
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'Scale matters': Apollo's Bridge deal shakes up the debt and equity markets
Apollo Global Management’s agreement to acquire Utah-based Bridge Investment Group, announced earlier this week, is set to create a $110 billion combined real estate platform, growing Apollo’s AUM in the sector by 40 percent. This is a step change for the manager, helping it to scale its equity business – which focusses on residential and logistics – to its existing and sizeable credit business. The firm now has a suite of real estate capital solutions – but in today’s real estate equity and credit markets, why is this important?
In this episode, Greg Dool, PERE’s America’s editor; Sam Rowan, editor of PERE Credit; and Dan Cunningham, editor of Real Estate Capital Europe, take a look at the deal and explore why managers are seeking not just scale, but breadth of offering.
The PERE podcast is a weekly discussion between members of our senior editorial team providing you with analysis-led commentary about the biggest events in private real estate capital markets around the world. Our discussion spans formation, strategy and deployment and draws from the ongoing coverage of PERE, PERE Credit and PERE Deals.
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