Capital is concentrating. A shrinking number of mega funds now absorb the majority of institutional allocations, while first-time and sub-scale managers face longer fundraising cycles, higher operational hurdles and investors reluctant to write the smaller cheques that emerging platforms need. The question is whether the next generation of managers can still build durable businesses, or whether scale has become the only viable strategy.
This event will bring together allocators, established platforms and managers who have made the leap to examine what it now takes to launch and sustain a real estate investment business. We will explore how emerging managers are winning mandates, where investors still see value in backing smaller teams, and which routes to scale are actually working.
Designed for those building, backing or advising emerging platforms, the event prioritises candid perspectives from managers who have raised in this market and the investors deciding who gets funded.
Panellists:
Jenny Wang (COO & Head of Asset Management, Sunrise RE)
Jenny is a Founding Partner and Chief Operating Officer and Head of Asset Management of Sunrise Real Estate. She is responsible for overseeing the day-to-day management of Sunrise and the asset management activities within the portfolio. She also serves as a member of the Investment Committee.
Prior to joining Sunrise, Jenny was a Principal in the Real Estate Group at Blackstone, where she worked in the New York and London offices from 2012 to 2021. While in New York, she primarily focused on new residential and logistics investments across North America. After moving to London in 2019, she shifted to focus on real estate asset management activities on the logistics and residential investments across Europe. She also spent six months in Beijing working with China Investment Corporation in 2014, and upon returning to the New York office, she played a key role in facilitating various transactions between U.S. and China.
Peter Bingel (CFO, Boreal IM)
Peter Bingel is a Partner and CFO at Boreal Investment Management.
Prior to joining Boreal, Peter spent 12 years at Blackstone, where he focused on the finance, structuring, and operational aspects of investments. He served as the CFO of Blackstone’s UK asset management platform for six years, leading the implementation of best-in-class financial systems, asset management practices, and investor reporting across various operating businesses. Peter began his career as an auditor at Haysmacintyre and senior accountant at Mourant.
Lee Marshall (Head of Real Estate, LGPS Central)
Lee Marshall is the new Head of Real Estate & Natural Capital at LGPS Central and is a highly experienced real assets specialist. Most recently, he served as Head of Real Estate at the Pension Protection Fund (PPF), where he led on strategy and execution of a global portfolio. Prior to this, Lee spent over a decade in indirect property fund management roles at Aviva Investors and LaSalle Investment Management, working closely with pension fund clients and helping to launch global real estate investment strategies. Lee holds a BSc in biochemistry from Imperial College London.
Nick Sissling (Director, Oxford Properties)
Nick is a director at Oxford Properties having joined the organisation in 2017. Nick has spent time in a variety of different roles working both on Oxford’s direct real estate portfolio as well as with Oxford’s European platform companies. Nick’s primary focus is on Oxford’s UK multifamily and single-family strategies as well as exploring other residential and alternative investment opportunities in Europe. Nick studied economics at the University of St Andrews and is also a qualified Chartered Accountant.
Luke Baker (Portfolio Manager Local Investing, Border to Coast Pensions Partnership)
Luke leads the local investment program at the £120bn Border to Coast Pensions Partnership. He has more than 25 years of real estate and private markets investment experience from previous roles including Woodbourne Group (CIO), Tesco Pension Fund (Head of Property/ Co-Head Private Markets), Aviva Investors (Fund Manager), and Grosvenor Fund Management (Head of Strategy and Investment Underwriting). Luke has invested extensively throughout the UK and overseas, across direct real estate, equity and credit funds/ SMAs/ JVs/ co-investments, and listed real estate securities. His real estate experience includes delivering out-performance and creating positive local impact through regeneration and development across commercial, living, healthcare, and hospitality sectors.
Moderator:
Artem Korolev (CEO, Mission Street)
Artem founded Mission Street in 2017. Building on extensive track record across investment, development and finance, he has overall strategic responsibility for the growth of the company, project delivery and management.
Prior to Mission Street, Artem was Head of UK Acquisitions and a member of the founding team of GreenOak Real Estate (now BGO), a major international real estate investment and asset management firm (at the time c. £10 Bn under management). He also previously worked for Morgan Stanley in their UK Real Estate team.
Artem’s track record spans development, asset management, real estate private equity and finance. This has included property acquisitions and corporate M&A, leading end-to-end delivery of complex development and asset management projects across the UK, and structuring debt and equity financing (both as the operating partner and capital partner).
Artem graduated with an MA (First Class Honours) in Land Economy at the University of Cambridge and sits on the Investment and Development Committee for the Institute of Cancer Research.
