Cain International - ambitions to double AuM to $28bn within five years by 2031

UK/EU RE; hospitality + mixed-use; Eldridge-backed

a diversified investment platform – with offerings across the alternative asset classes including real estate, infrastructure, and credit. CIM is a real estate and infrastructure owner, operator, lender and developer that has delivered more than $60bn of projects for communities across the Americas. In 2024, the group forged a partnership with Round Hill Capital to create a $2.1bn investment platform that will manage a portfolio of residential assets in the US and select countries in Europe. CIM Group – the lowdown CIM was founded in 1994 by Israeli immigrants to the US – Shaul Kuba, Richard Ressler and Avi Shemesh. It is headquartered in Los Angeles and has more than 1,000 employees across seven offices in the US, as well as in Tokyo and London. Involved in infrastructure as well as real estate, the company manages both private and publicly traded funds across opportunistic, value-add and core strategies, and is also involved in major development projects. CIM also has a credit platform which manages around $10.5bn of investments through bridge loans, mortgages, redevelopment and repositioning loans, as well as construction loans. Its European activity has so far been relatively minimal, although it bought business and video game production hub Cathedral Square in Guildford for £61.5m in 2021. Its lending business also came to Europe in March last year, focusing on whole loans and core mezzanine loans. | IDEA: PBSA partner in Europe following capital raising in Europe | PERE 200 2024 Rank #53 | PERE 100 2023 Rank #52 | 5yr fundraising $4,136m

Covenant Capital Group is a Nashville-based real estate investment management firm specializing in value-add multifamily investments across the Southeastern, Mid-Atlantic, Midwestern, and Southwestern United States. Founded in 2001 by Rick Scarola and Govan White, the firm focuses exclusively on acquiring and renovating apartment communities to transform them into premier, institutional-quality assets. Since its inception, Covenant has raised over $3 billion in capital and has repositioned more than 245 apartment communities valued at over $4.8 billion. | PERE 200 2024 Rank #147 | PERE 100 2023 Rank #104 | 5yr fundraising $1,348m

​Covenant Capital Group is a Nashville-based real estate investment management firm specializing in value-add multifamily investments across the Southeastern, Mid-Atlantic, Midwestern, and Southwestern United States. Founded in 2001 by Rick Scarola and Govan White, the firm focuses exclusively on acquiring and renovating apartment communities to transform them into premier, institutional-quality assets. Since its inception, Covenant has raised over $3 billion in capital and has repositioned more than 245 apartment communities valued at over $4.8 billion.

Bain Capital Real Estate is the real estate investing arm of Bain Capital, managing over $9 billion in assets across value-add and opportunistic strategies. The firm focuses on high-conviction themes such as life sciences, logistics, residential, and media infrastructure, often executing through joint ventures, platform investments, and credit strategies. Leveraging Bain Capital's global platform, BCRE partners with experienced operators to transform complex real estate opportunities into high-quality, stabilized assets.