Kirkland & Ellis’ Stephen Tomlinson discusses the influx of foreign capital into U.S. real estate, how foreign investor appetite is different, and the impact of growing co-investment rights on GPs.

A rise in closings of commingled funds and an increase in non-U.S. investors in U.S. real estate are among the trends in private equity RE, says Matthew Giles, a partner in business law at Goodwin Procter.

Paul Smith of Texas-based firm Velocis tells PrivcapRE about tweaking the structure of its investment vehicles to attract family offices, endowments, and HNW investors.

Drew Ierardi, senior portfolio manager of private markets at Exelon, urges GPs to think more creatively about fund structures and investment periods

Cross-border capital flows into the U.S. require GPs to be even more nimble than before. But it comes with major structural challenges, says RSM’s Tom Green.

Crowdfunding is becoming increasingly institutional, with large-scale funds and developers financing the growth of online platforms that can fund deals and offer them to smaller investors for as little as $100.

As institutional investors eye a maturing real estate cycle, many are asking how they can be more dynamic with their asset allocation tools. PrivcapRE spoke to New Mexico Educational Retirement Board about the challenges of being a more active investor, and how co-investments will play an increasingly critical role for the pension.

Capital from little-known Middle Eastern institutions and family offices will increase dramatically as investors look for returns and diversification outside the region. Value-added and opportunistic strategies in the U.S. and co-investment will be favored.

Raising a new fund is never easy. But the reasons a fundraising is tough can vary from fund to fund, says Cia Buckley Marakovits, partner and chief investment officer at Dune Real Estate Partners.