NEW YORK – 1 May 2018: The global real estate publication, “PERE,” has just released its 2018 PERE 50. This list includes some of the most significant and impactful private real estate firms of 2018 who invest on behalf of endowments, sovereign funds, pensions, foundations, and central banks. Global manager GreenOak ranks ninth on the 2018 list, jumping three spots up from prior year.
In its introduction to the ranking, PERE states, “The world’s biggest issuers of capital are backing their words with action. Declaring an increasing interest in higher risk and return strategies as core yields compress to unattractive levels, institutional investors are today showing greater support for investment vehicles set up to create prime real estate and less support for those whose purpose is just to hold it.”
The below is the publication’s profile of GreenOak:
“The private equity real estate business of former Morgan Stanley Real Estate Investing bosses Sonny Kalsi, John Carrafiell and Fred Schmidt goes from fundraising strength to strength. From 12th place last year, the firm continues to rise on the back of efforts for its soon-to-be closed third US fund, GreenOak US III. Tipping $1.6bn by last year, the fund, GreenOak’s biggest since its formation in 2009, further establishes the firm as one of the biggest opportunistic investors Stateside. Smaller propositions, but also popular with investors, are the firm’s European and Asian series. In both regions, the firm has evolved from country-specific propositions to tabling pan-regional vehicles. GreenOak Asia II collected $655 at final closing in March 2016, while GreenOak Europe II reached $718 million at the time ranking was compiled.”
GreenOak Real Estate (“GreenOak”) is an independent, partner owned, real estate focused principal investing and lending firm that seeks to provide strategic advice and create long term value for its clients and investors.
Since 2011, GreenOak has raised $8.2 billion of discretionary equity from institutional investors for real estate lending and investment in Europe, the US and Asia, and has acquired over $11 billion of assets. GreenOak has offices in London, Madrid, Milan, Luxembourg, New York, Los Angeles, Tokyo and Seoul, with over 100 professionals in dedicated local teams having local knowledge, experience and extensive networks in each market.
For further information, please contact:
Sonny Kalsi, GreenOak Real Estate: +1 212 359 7800
John Carrafiell, GreenOak Real Estate: +44 (0) 20 7866 8800
Julie Wong, GreenOak Real Estate: +1 212 359 7800