Managing director and head of real assets at Cambridge Associates, Meagan Nichols, discusses the firm’s history of advising clients on real estate investments and how real estate has shifted “from being part of a larger private equity or overall portfolio mandate to becoming a dedicated asset class.”
“Increasingly, as more and more dollars are going into real assets, there’s more of a dedicated need for specialized advice, whether it’s advising on deals or co-investments, or advising on strategy and how you actually build the portfolio,” she said. “It’s not just about the implementation and picking managers, it’s also about what’s the strategy for building this part of the allocation for the long term and what’s its role in the portfolio. I think some of the questions have become more complex, and so it needs more dedicated specialists.”
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