Francis King

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"For many established managers, new investor relationships have been crucial to getting fundraises across the finishing line at a time when re-ups from existing investors are no longer a given." While fundraising remains difficult, it's encouraging to see investors like CalPERS backing new managers like Town Lane and strategies like Nuveen's affordable housing fund. This pragmatic approach recognizes that no single firm can meet all an investor's needs. https://lnkd.in/eXy3gmTG

Eid Mubarak! Wishing everyone a joyous Eid Al-Alhda!

🇪🇺 North American fund managers are setting their sights on Europe to expand their investor base! 💰 New research from Ocorian shows 83% already raise capital in Europe, and over 1/3 of the rest plan to start within 2 years. The key drivers: 🧭 Recognizing the benefits of broadening their LP base (61%) 💶 Tapping into Europe's deep pool of institutional dry powder (43%) 🚀 Attracting investors to compelling North American opportunities (53%) At the same time, challenges remain around the costs of entry, distribution complexities, and talent constraints for European fundraising efforts. #FundManagers #InvestorRelations #EuropeanFundraising #PrivateFunds #DryPowder https://lnkd.in/emEkEFNS

Despite economic headwinds, a wave of major fund closes signals investors are pursuing operational real estate strategies for yield and portfolio diversity. Some major recent closes: Mapletree successfully closed its second Japan logistics development fund, Mapletree Japan Investment Country Private Trust (MAJIC). Brookfield Asset Management reaches over US$8 billion in commitments for Brookfield Strategic Real Estate Partners V, bringing the vehicle over halfway to its final target. Goldman Sachs Asset Management secures US$7 billion for West Street Real Estate Credit Partners IV and related vehicles. PGIM Real Estate targets US$2 billion for its data centre fund. The firm aims to hold a final close this summer, which would be its largest closed-end fund yet. Patron Capital has closed its seventh flagship fund, raising €860 million (£739 million). Goldman Sachs Asset Management business raised US$3.6 billion for its latest real estate credit fund. WNC & Associates has closed its largest-ever multi-investor affordable housing fund at US$302 million.

📈💻 The AI Data Center Boom is accelerating at warp speed! Nvidia's record earnings reflect skyrocketing demand outpacing supply. 🔥 But keeping up is becoming a massive challenge: ✅ Data center vacancy rates hit record lows across major markets like Northern Virginia, Chicago, Seattle ✅ Rental rates are soaring 20-54% over just 8 months as tenants pre-lease space 18-36 months out ✅ Power constraints are the biggest bottleneck delaying new construction to meet ferocious demand 🔋 The AI arms race has ignited a data center gold rush, but supply can't keep up. I'd love to hear from data center professionals - are you seeing your LP network showing heightened interest in Data Centers? #AIDataCenters #DataCenterInvesting #NvidiaEarnings #GenerativeAI #CloudComputing #RealEstateInvesting https://lnkd.in/gVzaaKP9

📉 Is Real Estate Crowdfunding hitting turbulence? The once booming real estate crowdfunding market has run into a dead calm. Higher interest rates and economic headwinds have severely constrained deal flow on major platforms like CrowdStreet and RealtyMogul, now listing just a handful of offerings. This prolonged drought represents a major fundraising hurdle for developers who had grown accustomed to raising tens of millions online with ease during the zero interest rate era. The Nightingale scandal also spooked some investors from the crowdfunding realm. As finances tighten, developers face tough choices - pursue harsh property sales that could wipe out equity investors, or make capital calls asking for more funds to sustain struggling projects. Capitulation is already occurring at high profile crowdfunded developments. What are your predictions for real estate fundraising in this new environment? Will capital continue drying up or do you see green shoots ahead? 🌱 #RealEstateCrowdfunding #RealEstateFundraising #CRE #Investing https://lnkd.in/e6PkjZ-4