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Real estate fundraising is becoming increasingly concentrated at the top. In 2025, the top 10 funds raised 40% of total investor commitments, while the top 15 managers now control nearly half of all real estate assets. As mega managers continue to scale through asset growth and M and A, competition for capital is intensifying. For emerging managers, breaking through remains challenging, with a small number of new entrants capturing the majority of commitments. Read the full Real Estate Outlook to explore how consolidation is reshaping the market: https://lnkd.in/gJaRs4fY. #RealEstate #EmergingManagers

Investor focus in Special purpose acquisition companies (SPACs) is shifting. While technology and healthcare once dominated activity, recent years have seen a more diverse mix of sectors, with growing interest in crypto related targets. In 2025, 12 of the 76 SPACs completing business combinations were crypto focused, signalling a renewed appetite for higher risk, high growth opportunities as digital assets move back into the spotlight. The report, ‘A cautious rebound: SPACs enjoy renewed interest in 2025’ is out now. Read it in full: https://lnkd.in/eQBsfps7. #SPAC #Crypto #DigitalAssets #PrivateMarkets

Analysis of our data suggests that single family offices (SFOs) represent an asset pool of at least $4.67 trillion globally. Over half of this is under the governance of SFOs based in Europe, the Middle East and Africa. Nearly 40% of the assets are in the Americas, predominantly the US, with the remaining assets in APAC. Private equity is the most common asset class for SFOs to allocate capital to with over 90% of SFOs making allocations in this space. Public equities and real estate are also widely held assets with over two-thirds of SFOs invested in these asset classes. Download the preview report here: https://lnkd.in/erhweTxG. #SingleFamilyOffice hashtag #FamilyOffice

Infrastructure emerging fund managers are seeking nearly three times as much capital today as they did 12 months ago, showing optimism among new firms. Our 2026 infrastructure emerging managers to watch list highlights the firms gaining momentum: ☑️ Glenara Partners (Emma Haight, Sean McLachlan and Justine Ryan) ☑️ tidir ☑️ TirNua Capital Partners ☑️ Reinova Partners ☑️ Real Assets Investment Management ☑️ VisionEdgeOne ☑️ Frontier Renewables ☑️ Vesper Infrastructure Partners Read the full insight and analysis here: https://lnkd.in/etM_AtY6. #Infrastructure #EmergingManagers

Core funds have seen significant redemptions in recent years as returns disappointed and funds rotated out of assets such as office. But there are signs that sentiment around core funds is stabilizing among investors, and opportunities are emerging. Featuring: Morgan Stanley, Intercontinental, J.P. Morgan, Barings, BGO, and UBS Realty & Developers. Read more in this week’s newsletter:

This week we had the pleasure of hosting a fantastic group of clients and prospects in New York for an exclusive drink’s reception. It was great to bring together senior professionals across private markets for genuinely insightful, peer-to-peer discussions, sharing perspectives on current trends, challenges, and what’s shaping the months ahead. Exactly the kind of open, high-quality conversation that makes these moments so valuable. Even better, it was an opportunity to reconnect with familiar faces and build new relationships across the industry. All of this set against the incredible backdrop of the New York skyline and the Hudson, not a bad setting for an evening of networking. Thank you to everyone who joined us. If you’d like to hear about upcoming exclusive events, we’d love to have you involved.

February was a quiet month for new private credit launches, with just 22 funds coming to market. Excluding December, which is traditionally slower, this marks the lowest monthly total since May last year, against a backdrop of increasing investor caution in private credit. Despite this, there were notable launches, particularly in specialty finance, with Ares Management’s latest asset based finance vehicle targeting a rapid fundraise. Explore the latest funds in development with a custom demo: https://lnkd.in/eyYDmhRd.

Our API now incorporates our investor Intentions & Preferences (I&P) data, including over 130,000 mandates and intentions. Act on investor allocation plans before anyone else with our API. Get verified insight into where investors plan to allocate, when, and why, sourced directly from allocators and continually validated through our industry network, directly into your workflow. Discover how our API can sharpen your fundraising, speed up asset raising cycles, and turn intelligence into impact: https://lnkd.in/eNsR_94j. #API #Investors #Allocate

A quarter of single family offices (SFOs) have assets in excess of £1 billion. Single family offices vary in size and complexity. Across all SFOs included in this analysis, 6% have assets in excess of $5bn. Their distribution by asset size is shown in the graph below. For a deeper dive into global and regional trends, download your copy of the Single Family Office Asset Pools 2025 preview report or request a demo for full access: https://lnkd.in/erhweTxG. #SingleFamilyOffice #FamilyOffice

Private credit is set to play a larger role in real estate lending as banks pull back. Banks still account for a significant share of maturing commercial real estate loans, but their relative exposure is expected to decline over the coming years. In response, private credit is stepping in, with lending to non-depository financial institutions rising sharply. At the same time, real estate debt funds are outperforming equity, highlighting the growing appeal of lending strategies for investors seeking income and downside protection. Read more in our Real Estate Outlook: https://lnkd.in/gJaRs4fY. #RealEstate #PrivateCredit