Principles that transcend asset classes

by Chase McWhorter

On Oct. 6, 2007, I was a member of the No. 1-ranked USC football team. That evening, we were playing Stanford and were favored by 41 points. Admittedly, we did not have a great week of practice, and no matter what we did that evening, nothing seemed to work. We lost 24-23 in one of the biggest upsets in college football history.

M&G acquires residential scheme in Greater Copenhagen for €250m

by Released

M&G Real Estate has acquired a residential scheme valued in excess of €250 million ($284 million) in Greater Copenhagen on behalf of the €5.2 billion ($5.9 billion) M&G European Property Fund.

The liquidity reset open-ended real estate funds can’t avoid – creative solutions for growing redemption queues

by Ronald Dickerman and Jacob Albano

Over the past few decades, open-ended real estate funds cemented their position as a preferred vehicle for institutional investors to access the core and core-plus sectors. Their scale, diversification and income-oriented characteristics attracted a broad range of institutional investors seeking stable, long-duration returns. For much of that period, the structure worked as intended; periodic liquidity windows, steady inflows and manageable redemption activity kept these vehicles functioning smoothly.

Why liquidity and vehicle structure matter more than ever in private markets

by Greg Friedman

For institutional investors, one of the most underappreciated risks in private markets today sits at the intersection of liquidity, vehicle structure and governance. It is showing up not in asset quality alone, but in how liquidity promises interact with plan-level cash flows and decision-making.