Real estate

The firm will take a ‘very opportunistic’ approach to expanding further into secondaries, CEO Connor Teskey said in its Q4 2025 earnings call.

The New York-based private markets investment firm has hired a longtime UBS executive to lead the global business, which will invest into a range of investment types including secondaries.

While the list of the largest known LP commitments remains dominated by US-based investors, it also reflects a growing presence of non-US institutions from Asia and the UK.

The secondaries specialist is positioning itself to take advantage of a ‘silver tsunami’ in the US and Europe.

Vehicles focused on the strategy collected nearly $166bn through final closes last year, marking a 48% increase on the prior biggest fundraising year.

This year saw mega fund closes with a number of specialist funds breaking records.

Brookfield’s Real Estate Secondaries fund is almost fully deployed and the manager is in the market to raise a second one.

The deal involves Annington, which was created when Hands helped Japanese bank Nomura acquire military homes in 1996 from the UK government.