Investor allocations: ’No longer’ on an upwards trajectory

This week PERE published its latest investor report, with figures for the first half of 2025 providing key insights into the private equity real estate investor environment.

In this episode, we discuss the standout finding: Investor allocations to private equity real estate pulled back overall during the period, with most investor types lowering their exposures to the asset class. Meanwhile, some of the most active known investors in real estate funds dropped out of the rankings completely and a handful of the biggest real estate managers only scored one investor check each.

Listen as Charlotte D'Souza and Samantha Rowan sit down with Lucy Scott to breakdown the report, discussing what has changed in the investor universe in these past six months, why it has changed and whether the figures tell managers anything about what is to come for fundraising in the coming months.