8.8.24 | This week we recognized 2 capital-related transactions with a disclosed value of $9.0 Billion USD.
| Deal Size ($Bn USD) | Capital Related Transactions |
| $5.6 | BNP Paribas in Exclusive Talks to Acquire AXA IM in $5.6 Billion Deal |
| $3.4 | Carlyle Raises Over $3.4 Billion for Real Estate in Q2 |
| $9.0 | Total |
Additionally, we recognized 4 leadership changes within the industry.
- Thrive Homes CEO to Step Down After 15 Years
- Accent Hires Habinteg Boss as CEO
- National Real Estate Advisors Promotes Bill Jordan to CFO
- Inland Appoints Jovan Marconi as Chief Information Officer
Summary of Transaction Headlines
Pensions & Investments | “BNP Paribas in Exclusive Talks to Acquire AXA IM in $5.6 Billion Deal”
BNP Paribas Group is in exclusive talks to acquire AXA Investment Managers in a $5.6 Billion deal that would create a €1.5 Trillion ($1.6 Trillion USD) money manager. Under the deal, which is subject to regulatory approvals, BNP Paribas would also enter a long-term strategic partnership to provide investment management services to parent company AXA, separate news releases said. The proposed deal is expected to be completed in mid-2025.
PERE | “Carlyle Raises Over $3.4 Billion for Real Estate in Q2”
The Carlyle Group reported a strong second quarter for fundraising that saw it reel in $3.4 Billion for its real estate equity funds, according to its earnings statement. That figure is up from just $200 Million raised in the first quarter and $700 Million raised in the trailing 12 months for real estate, as Executives predict the market will improve in the second half of the year. The earnings statement showed Carlyle deployed $600 Million in real estate equity last quarter, raising its year-to-date total to $900 Million.
Housing Today | “Thrive Homes CEO to Step Down After 15 Years”
Elspeth Mackenzie should step back at the end of the year. The Chief Executive of Thrive Homes has announced her retirement after 15 years of leading the organization. Elspeth Mackenzie joined the housing association as its Chief in 2009, a year after it was founded, having previously been the boss of Griffin Homes.
Housing Today | “Accent Hires Habinteg Boss as CEO”
Nick Apetroaie will join the 22,000-home association in November, succeeding Paul Dolan, who left to join Riverside. Accent has hired Nick Apetroaie as its new Chief Executive. The 22,000-home association, which has its head office in Bradford, has announced Apetroaie will take up the role on November 1.
IREI | “National Real Estate Advisors Promotes Bill Jordan to CFO”
National Real Estate Advisors has promoted William Jordan to CFO. In his new role, Jordan will oversee National’s finance and accounting operations, including capital relationships, cash flow management, and accurate financial reporting. Additionally, he will take on responsibilities for funding requests, strategic planning, and mentoring finance and accounting team members.
Business Wire | “Inland Appoints Jovan Marconi as Chief Information Officer”
The Inland Real Estate Group, LLC (together with its affiliate companies “Inland”), one of the nation’s largest commercial real estate and finance groups, announced the appointment of Jovan Marconi to Chief Information Officer. In this role, Mr. Marconi is responsible for developing and implementing the IT strategy, including application development, data management, AI practices, cybersecurity, and the evolution of the technology infrastructure for Inland. He will report to Cassie Hrtanek, Inland’s Chief Operations Officer.
