Amid rising uncertainty, institutional investors are moving towards defensive sectors like industrial, according to James Jacobs, head of real estate for Lazard’s private capital advisory group.
The market rout is exposing the vulnerability of the US public pension system. Inflation and the tight labor market will force the worst-hit states into some hard decisions.
Co-investment brings benefits to both GPs and LPs, but unless tensions are resolved, there is a real risk that it could be regulated out of the market.
This news comes on the heels of Brightwood expanding its Risk and Underwriting groups this past April with the appointment of Frederick Jelks and Chris Halajian.
Private investment is needed to lift billions out of poverty, create jobs, improve the environment, adapt to the effects of climate change and to fill gaps in provision of education, healthcare and financial services. Yet in these markets impact investing is farthest from its potential.