40 Private Equity Firms in Real Estate - Flippa
Real estate private equity firms deploy institutional capital into property and property-related businesses. This list gives you a fast way to identify active investors across regions, strategies, and asset classes, from logistics and multifamily to special situations and real-assets credit.
Before you reach out, line up a tight teaser and data room, know your deal type, and match it to each firm’s mandate, ticket size, and geography. The closer the fit, the faster your conversations move.
Vulcan Real Estate
Key facts about the firm:
Headquarters: Seattle, Washington, United States
Founded: 1986
Industry Focus: Multi-stage Venture and Growth; Real Assets via Vulcan Real Estate
Number of Investments: 286
Number of Exits: 43
Details about the fund:
Family office of Paul G. Allen (legacy) investing broadly in technology, media, life sciences and real estate; an active direct investor with decades of realized exits.
Where to find them: Website
Värde Partners
Key facts about the firm:
Headquarters: Minneapolis, Minnesota, United States
Founded: 1993
Industry Focus: Credit, Special Situations, Real Estate and Specialty Finance
Number of Investments: 35 (portfolio companies, as tracked)
Number of Exits: 9
Details about the fund:
Global alternatives manager investing across credit markets and real assets. Active in asset-backed and real estate opportunities worldwide with multiple dedicated funds.
Where to find them: Website
Trinity Investors
Key facts about the firm:
Headquarters: Southlake, Texas, United States
Founded: 2006
Industry Focus: Private Equity and Direct Real Estate
Number of Investments: 18
Number of Exits: 2
Details about the fund:
Backs U.S. middle-market companies and direct real estate deals for accredited investors via programmatic co-investments.
Where to find them: Website
Stoneweg
Key facts about the firm:
Headquarters: Geneva, Switzerland
Founded: 2015
Industry Focus: Real Estate Investment and Asset Management
Number of Investments: 700+ (asset acquisitions completed)
Number of Exits: Not public
Details about the fund:
Trans-European real estate investor and operator active across residential and commercial strategies. Reports 700+ property acquisitions across Switzerland, Spain, Italy, Ireland, Andorra and the U.S.
Where to find them: Website
Silverfern Group
Key facts about the firm:
Headquarters: New York, New York, United States
Founded: 2001
Industry Focus: Global Co-Investments in Private Equity and Real Estate
Number of Investments: 35 (25 full exits + 2 partial exits + 8 current)
Number of Exits: 27 (25 full, 2 partial)
Details about the fund:
A pioneer in global co-investment, Silverfern invests alongside leading sponsors worldwide. The firm reports 25 full exits, 2 partial exits and 8 investments currently being managed.
Where to find them: Website
Making It Easy to Sell Online Businesses
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400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
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Integrated Legal, Insurance and Payments
Miller Investment Management
Key facts about the firm:
Headquarters: West Conshohocken, Pennsylvania, United States
Founded: 1998
Industry Focus: Multi-asset; Private Equity and Real Estate co-investments
Number of Investments: 10 (private equity portfolio companies listed)
Number of Exits: Not public
Details About the Fund:
Registered investment adviser managing multi-asset portfolios with a direct PE and real estate co-investment program. Portfolio highlights include life sciences and software positions and selective real estate transactions.
Where to find them: Website
LBO France
Key facts about the firm:
Headquarters: Paris, Île-de-France, France
Founded: 1985
Industry Focus: Private Equity and Real Estate (France/Europe)
Number of Investments: 47
Number of Exits: 50
Details about the fund:
A leading French PE platform investing from small-cap to large-cap and real estate strategies. LBO France backs French and Italian companies with buyout and growth capital, and has a long track record of realizations.
Where to find them: Website
Fengate Asset Management
Key facts about the firm:
Headquarters: Toronto, Ontario, Canada
Founded: 1974
Industry Focus: Real Assets (Infrastructure, Private Equity, Real Estate)
Number of Investments: 12
Number of Exits: 1
Details about the fund:
Fengate is a North American real-assets investor with platforms in infrastructure, private equity and real estate. Recent activity includes control investment in data centers and multiple healthcare real-estate transactions, alongside growth-equity platform builds.
Where to find them: Website
Henderson Global Investors
Key facts about the firm:
Founded in 1934, Henderson Global Investors was a prominent UK-based investment management firm. It managed a diverse range of assets, including equities, fixed income, property, and private equity. In 2017, it merged with Janus Capital Group to form Janus Henderson Investors, expanding its global reach and investment capabilities.
Headquarters: London, UK
Founded: 1934
Industry focus: Equities, Fixed Income, Property, Private Equity
Website: https://www.janushenderson.com/
Simone Investment Managers
Key facts about the firm:
Headquarter: Seoul, South Korea
Industry focus: Real Estate, Special Assets, Private Equity, Venture
Number of investments: Not publicly enumerated
Number of exits: 1
Details about the fund:
Korean alternative asset manager investing across real estate (domestic and overseas), private equity and new-technology venture vehicles.
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Singularity Capital MGMT
Key facts about the firm:
Headquarter: Tucson, Arizona, United States
Industry focus: Early-stage Technology (AI, FinTech, PropTech), Real Estate
Number of investments: 85 (as of 2025)
Number of exits: Not publicly enumerated
Details about the fund:
Early-stage venture platform running diversified programs (such as V-Tech I) and a $15 million Opportunity Fund I. Focuses on broad early-stage exposure with follow-ons in scaling companies.
Where to find them: Website
Lotus Infrastructure Partners (Previously Starwood Energy Group Global)
Key facts about the firm:
Headquarters: Greenwich, Connecticut, United States
Founded: 2005
Industry focus: Energy, Financial Services, Real Estate, Renewable Energy
Number of investments: 50
Number of exits: 19
Details about the fund:
Private investment company Starwood Energy Group is situated in Greenwich, Connecticut, and focuses on investments in energy infrastructure.
Where to find them: Website
TPG
Key facts about the firm:
Headquarter: San Francisco, California, United States
Industry focus: Private Equity, Growth, Impact, Real Estate, Credit
Number of investments: Not publicly enumerated at firm level
Number of exits: Not publicly enumerated at firm level
Details about the fund:
Global alternative asset manager operating multiple platforms (Capital, Growth, Biotech, Real Estate). Exits are typically reported by strategy, and consolidated firm-level counts aren’t publicly tallied by a single source.
Where to find them: Website
Weinberg Capital Partners
Key facts about the firm:
Headquarter: Paris, Île-de-France, France
Industry focus: Private Equity, Real Estate, Listed Participations
Number of investments: 5
Number of exits: 5
Details about the fund:
Independent French investment firm active in private equity and real estate strategies with select minority stakes in listed companies.
Where to find them: Website
Frontier IP Group plc
Key facts about the firm:
Headquarter: Edinburgh, United Kingdom
Industry focus: Asset Management, Consulting, Financial Services, Real Estate
Number of investments: 18 (portfolio companies)
Number of exits: 1 (Exscientia)
Details about the fund:
Frontier IP commercialises university and industry IP, taking equity stakes in spin-outs and early-stage tech companies. Its portfolio spans AI, life sciences, materials and clean-tech; the firm realised a significant exit from Exscientia.
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Garden City Companies
Key facts about the firm:
Headquarter: Atlanta, Georgia, United States
Industry focus: Consulting, Financial Services, Impact Investing, Real Estate Investment, Real Estate
Number of investments: 8 (platform investments since 2020)
Number of exits: 0 (publicly disclosed)
Details about the fund:
An employee-first holding company acquiring and building service businesses. Public updates show platform investments in Connext, Wathco, WeBuild and others, with add-on M&A executed via portfolio companies.
Where to find them: Website
GLP
Key facts about the firm:
- Headquarters: Singapore, Singapore
- Founded: 2009
- Industry Focus: Logistics real estate, data centres, renewable energy; selective private equity/VC
- Number of investments: 19 (GLP Capital Partners)
- Number of exits: 8 (Global Logistic Properties / GLP)
Details about the fund:
GLP is a global owner-operator and thematic investor across logistics and digital infrastructure. Its fund management arm, GLP Capital Partners, also participates in private equity and venture rounds. Recent sources show high-teens investment count and multiple portfolio exits across the broader GLP platform.
Website: https://gcp.com/
GoldStone Investment
Key facts about the firm:
Headquarter: Beijing, China
Industry focus: Angel Investment, Impact Investing, Real Estate Investment
Number of investments: 154
Number of exits: 60
Details about the fund:
GoldStone (a CITIC Securities affiliate) makes direct equity investments across growth sectors in China and internationally, participating from early to later stages and selectively in real-asset adjacencies. Activity spans tech, consumer and industrials with a long exit track record.
Where to find them: Website
H.I.G. Capital
Key facts about the firm:
Headquarter: Miami, Florida, United States
Industry focus: Credit, Finance, Financial Services, Insurance, Real Estate
Number of investments: 150
Number of exits: 50
Details about the fund:
H.I.G. is a global alternative investment firm investing across lower-middle market private equity, credit and real assets. H.I.G. Realty Partners targets small to mid-cap assets and special situations in the U.S. and Europe.
Where to find them: Website
Kayne Anderson Capital Advisors
Key facts about the firm:
Headquarters: Los Angeles, California, United States
Founded: 1984
Industry focus: Energy, Financial Services, Real Estate, Wealth Management
Number of investments: 23
Number of exits: 3
Details about the fund:
It is a top independent alternative investment management company that specializes in investing in upstream oil and gas firms.
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Kohlberg Kravis Roberts
Key facts about the firm:
Headquarter: New York, New York, United States
Industry focus: Advice, Asset Management, Financial Services, Real Estate, Venture Capital
Number of investments: 489
Number of exits: 237
Details about the fund:
KKR is a global multi-asset alternative manager active across private equity, infrastructure, real estate and credit. It backs large-scale buyouts and growth platforms worldwide and maintains one of the broadest exit records in the industry.
Where to find them: Website
Kohlberg Kravis Roberts Japan
Key facts about the firm:
Headquarters: Tokyo, Tokyo, Japan
Founded: 2006
Industry focus: Energy, Infrastructure, Real Estate
Number of investments: 7
Number of exits: 2
Details about the fund:
A strategic partner-focused investment company, KKR Japan focuses on energy, infrastructure, real estate, credit, and hedge funds.
Where to find them: Website
Landmark Partners
Key facts about the firm:
Headquarter: Simsbury, Connecticut, United States
Industry focus: Secondaries across Private Equity and Real Estate, Real Estate
Number of investments: 25
Number of exits: 13
Details about the fund:
Landmark is a secondaries specialist investing across private equity and real estate. It is known for structured transactions and GP-led secondary solutions, and is now part of Ares Management’s secondaries platform.
Where to find them: Website
Marathon Asset Management
Key facts about the firm:
Headquarter: New York, New York, United States
Industry focus: Credit, Special Situations, Real Estate and Asset-Backed
Number of investments: Not publicly enumerated
Number of exits: Not publicly enumerated
Details about the fund:
Global credit investor active in private lending, asset-based finance and opportunistic or distressed credit linked to real estate and hard assets. Recent fund closes include secured private strategies and opportunistic credit vehicles.
Where to find them: Website
Norwest Mezzanine Partners
Key facts about the firm:
Headquarter: Minneapolis, Minnesota, United States
Industry focus: Mezzanine and Junior Capital across Industrials, Services, Consumer, Healthcare, Real Estate
Number of investments: 63 (current portfolio companies)
Number of exits: 7
Details about the fund:
Partners with PE sponsors and management teams to provide flexible junior capital solutions across the lower-middle and middle market. Affiliated with Norwest Equity Partners under Norwest Capital Advisors.
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
PAG
Key facts about the firm:
Headquarter: Tokyo, Japan
Industry focus: Private Equity, Real Estate, Credit (Asia-focused)
Number of investments: 33
Number of exits: 9
Details about the fund:
One of Asia’s largest alternative asset managers, PAG invests across control private equity, pan-Asian real estate and private credit. Realizations include corporate carve-outs and public-to-private transactions in Asia.
Where to find them: Website
Phatisa
Key facts about the firm:
Headquarter: Bryanston, South Africa
Industry focus: Africa-focused Private Equity; Food and Agri, FMCG, Healthcare, Real Estate
Number of investments: 12
Number of exits: 5
Details about the fund:
Pan-African PE firm backing mid-market businesses with strong development impact. Recent exit activity includes portfolio sales in health and agri-food sectors.
Where to find them: Website
Pivotal Group
Key facts about the firm:
Headquarter: Phoenix, Arizona, United States
Industry focus: Private Equity, Private Credit, Real Estate
Number of investments: 16 (portfolio companies)
Number of exits: 8 (1 IPO, 7 acquisitions)
Details about the fund:
Entrepreneur-led investment firm operating across asset classes with flexible, permanent capital. Targets established North American businesses with strong margin profiles and real estate projects.
Where to find them: Website
Saratoga Partners
Key facts about the firm:
Headquarter: New York, New York, United States
Industry focus: Middle-market Buyouts; Industrial, Business and Information Services, Real Estate
Number of investments: 35 (historical portfolio companies invested)
Number of exits: Not publicly enumerated
Details about the fund:
Middle-market PE firm with roots in Dillon Read, investing via multiple partnerships since 1984 in 35 portfolio companies (about $750 million invested). Public BDC affiliate Saratoga Investment Corp. separately discloses portfolio realizations.
Where to find them: Website
AEW Capital Management
Key facts about the firm:
Headquarter: Boston, Massachusetts, United States
Industry focus: Financial Services, Real Estate, Real Estate Investment, Service Industry
Number of investments: 5
Number of exits: 4
Details about the fund:
AEW provides real estate investment management across core to opportunistic strategies globally. Backed by Natixis Investment Managers, it operates in the Americas, Europe and Asia-Pacific with dedicated sector teams and listed strategies. The firm invests across industrial, office, retail, residential and alternatives, including logistics development.
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
AMP Capital Investors
Key facts about the firm:
Headquarter: Sydney, New South Wales, Australia
Industry focus: Asset Management, Infrastructure, Real Estate
Number of investments: 42
Number of exits: 25
Details about the fund:
Formerly AMP’s global private-markets arm, AMP Capital historically invested across infrastructure and real estate platforms worldwide. In 2022, AMP sold major AMP Capital units as part of a refocus on wealth and banking, leaving a large legacy of platform and direct investments tracked in public databases.
Where to find them: Website
Apollo
Key facts about the firm:
Headquarter: New York, New York, United States
Industry focus: Asset Management, Credit, Financial Services, Property Management, Real Estate
Number of investments: 86
Number of exits: 36
Details about the fund:
A global alternative asset manager active across private equity, credit, and real assets. Apollo often leads large, structured transactions and strategic growth capital deals alongside its flagship funds and retirement platform. The firm invests across cycles and sectors with a solutions-oriented approach.
Where to find them: Website
Ardian
Key facts about the firm:
Headquarter: Paris, Île-de-France, France
Industry focus: Biopharma, Financial Services, Impact Investing, Medical, Medical Device, Real Estate
Number of investments: 130
Number of exits: 33
Details about the fund:
Ardian is a global private investment house investing across direct PE, secondaries, infrastructure, real estate and private debt. Its direct deal activity spans Europe and North America, with a strong French footprint and consistent late-stage activity.
Where to find them: Website
Armat Group
Key facts about the firm:
Headquarter: Luxembourg, Luxembourg
Industry focus: Finance, Financial Services, Real Estate Investment
Number of investments: 10
Number of exits: 2
Details about the fund:
Armat Group is a private investment firm backing middle-market companies across Europe. The team invests opportunistically with a tilt toward consumer, biotech and business services alongside real-estate related strategies.
Where to find them: Website
Barings
Key facts about the firm:
Headquarter: Charlotte, North Carolina, United States
Industry focus: Asset Management, Commercial Real Estate, Financial Services
Number of investments: (company-equity deals not reliably tracked publicly)
Number of exits: (company-equity deals not reliably tracked publicly) Details About the Fund: Barings is a global investment manager with large private markets platforms in private credit and real assets (real estate equity and debt). Its public materials emphasize AUM and strategies rather than portfolio-company counts.
Details about the fund:
Barings is a global investment manager with large private markets platforms in private credit and real assets (real estate equity and debt). Its public materials emphasize AUM and strategies rather than the number of portfolio companies.
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Brookwood Financial Partners
Key facts about the firm:
Headquarter: Beverly, Massachusetts, United States
Industry focus: Commercial Real Estate, Real Estate, Real Estate Investment
Number of investments: 4
Number of exits: 1
Details about the fund:
Brookwood is a private investment company focused on U.S. real estate and select corporate investments. Beyond property acquisitions, it has made a small number of corporate equity deals historically.
Where to find them: Website
CapitaLand
Key facts about the firm:
- Headquarters: Singapore, Singapore
- Founded: 2000
- Industry Focus: Real estate (logistics, business parks, data centres), private funds management
- Number of investments: 4
- Number of exits: 2
Details about the fund:
CapitaLand Investment is a leading Asia-headquartered real assets manager that also makes selective corporate and fund investments around its real estate and digital infrastructure ecosystem. Its corporate venturing effort (C31 Ventures) made several strategic investments before being wound down, while CLI continues to launch and manage private funds across Asia.
Website: https://www.capitaland.com
D. E. Shaw & Co.
Key facts about the firm:
Headquarters: New York, New York, United States
Founded: 1988
Industry focus: Financial Services, Real Estate, Wind Energy
Number of investments: 91
Number of exits: 27
Details about the fund:
The D. E. Shaw group is a multinational technology and investment development company.
Where to find them: Website
Declaration Partners
Key facts about the firm:
Headquarter: New York, New York, United States
Industry focus: Finance, Financial Services, Real Estate Investment
Number of investments: 32
Number of exits: 2
Details about the fund:
Declaration Partners (anchored by David M. Rubenstein) invests flexibly across growth equity, direct deals, real estate and GP solutions, with a long-term partnership orientation.
Where to find them: Website
M&G Investments
Key facts about the firm:
Headquarter: London, England, United Kingdom
Industry focus: Finance, Financial Services, Real Estate Investment, Multi-asset, Real Estate, Private Assets and Credit, Asset Management
Number of investments: 81
Number of exits: 5
Details about the fund:
M&G is an investment management that works to make its clients’ money work for them.
Where to find them: Website
Making It Easy to Sell Online Businesses
Flippa provides owners and investors with the tools and expertise to sell.
400,000+ Weekly Active Buyers
15 In-house Brokers and 120 Broker Partners
Negotiate and Receive Offers Fast
Integrated Legal, Insurance and Payments
Real estate private equity is broad, and mandates differ more than you think. Start with strategy fit, not brand. Read each profile, filter by asset class, check size and location, and tailor your materials to what that firm actually buys. Use this list to focus your outreach, then let your numbers do the talking.
Bottom Line
Real estate private equity is broad, and mandates differ more than you think. Start with strategy fit, not brand. Read each profile, filter by asset class, check size and location, and tailor your materials to what that firm actually buys. Use this list to focus your outreach, then let your numbers do the talking.
FAQs
What exactly is a real estate private equity firm?
It is an investment manager that raises committed capital from institutions and allocates it to real estate opportunities. That can include direct property acquisitions, platform or operating company investments, development, recapitalizations, or real-estate-backed credit.
How is a real estate PE firm different from a REIT?
REITs are operating companies that own income-producing real estate and are designed to distribute taxable income to shareholders. Real estate PE firms raise closed-end or evergreen funds, target higher return profiles with finite hold periods, and are not required to distribute income the same way a REIT is.
What deal sizes do these firms typically target?
Smaller and mid-market funds often write equity checks in the range of 10 million to 100 million dollars. Large, multi-strategy managers can commit 250 million dollars or more to a single investment. Always verify the latest fund size and ticket guidance on the firm’s site or factsheet.
Do these firms buy individual properties or companies?
Both. Many pursue direct property deals, portfolios, and developments. Some also acquire operating companies, platforms, or GP stakes. The Investment and Exit counts shown in this article reflect company equity transactions, not every single property trade.
How should I pitch a real estate PE firm?
Prepare a one-page teaser and a concise CIM. Include a sources and uses table, business plan, five-year pro forma, NOI bridge, rent roll, lease expiries or WAULT, historical occupancy, capex plan, debt terms and maturity, DSCR and LTV, environmental and zoning reports, and recent third-party valuations or appraisals. For operating companies, add revenue mix, EBITDA, customer concentration, backlog, and key contracts.
What metrics matter most in screening?
For property: in-place NOI, forward NOI, cap rate, yield on cost, occupancy, lease rollover profile, DSCR, LTV, and unlevered and levered IRR. For platforms or operators: revenue quality, EBITDA and cash conversion, growth visibility, unit economics, and the pathway to value creation through lease-up, redevelopment, M&A, or operational improvements.
