CBRE Global Multi Manager (GMM), the multi manager division of CBRE Global Investors, has raised over USD1bn of new capital for its programmes in 2013.
The new mandates include separate accounts on behalf of clients in the US, Switzerland, Germany, Japan and the UK, which will benefit from the firm’s global presence and market expertise.
GMM has also continued to see strong demand in its fund range, including the CBRE Global Alpha Fund which now exceeds USD670m in commitments from UK, Dutch, Swiss and Irish institutional investors.
GMM has been an active investor in 2013, committing over USD1bn of equity to a range of investments across the world. Investments have included primaries (mainly structured as “clubs”), secondaries, co-investments and an increasing number of programmatic joint ventures with specialist managers, which provide GMM clients with exclusive access to GMM’s preferred strategies.
Jeremy Plummer, chief executive of CBRE Global Multi Manager, says: “We are very pleased with the level of demand for our services, especially the geographic diversity of where the capital is coming from. Clients recognise the value that a true global real estate specialist can bring to the construction of their global real estate portfolios – combining both top down strategy and local investment execution. They also value our access to investments with specialist managers, many of which are not offered to the open market.”