The secondary market for stakes in private real estate funds is getting a push from investors. The demographic shifts, technological advances and evolving consumer preferences, combined with disruptions caused by the pandemic, are unlocking opportunities for new sources of capital. Historically a costly business, investors want the flexibility to re-structure their investments to adapt to changing economic conditions. PGIM Real Estate makes a bold move acquiring asset manager Montana Capital Partners, whilst Brookfield made two senior hires in 2020.  Private Market Investments remain a high priority for allocators, whilst investment firms continue to diversify their products to differentiate from their competitors.