Robert Mileff, Pitcairn’s prime alts gatekeeper, has spent a very good a part of 2024 in search of non-public actual property and personal infrastructure. The issue, nonetheless, isn’t the shortage of bodily actual property accessible, however the quantity of ‘actual property’ accessible inside his allocations.
‘We’ve received this actual belongings bucket, and in there lies actual property, infrastructure and even commodities, so there’s not numerous “actual property” in there, interval,’ he stated. ‘Then, you need to divide it up between your favourite drawdown funds over the subsequent twenty years, which is tougher than one would possibly suppose.’
Mileff is the managing director of different investments at Pitcairn and is answerable for researching and choosing different investments on the $9.2bn multi-family workplace. He’s one in every of six folks on the funding analysis crew on the Philadelphia, Penn.-based agency. Pitcairn provides 85 funding methods, together with mutual funds, SMAs, ETFs, interval funds and different non-public markets funds. Of these 85 methods, 31 embrace options.
