Drew Murphy of Berkshire Global Advisors shares how to attain lasting success in private real estate by balancing capital, people, and purpose. Drew Murphy, head of Private Markets Advisory at Berkshire Global Advisors, sits at the center of real estate’s transformation—from entrepreneurial fund managers to institutional platforms.

Named by PERE as one of the 100 most influential people in private real estate, Drew has advised on many of the industry’s headline deals, including Artemis’ sale to Barings, Blue Owl’s acquisition of Oak Street, and Colliers’ purchase of Harrison Street.

In this conversation, Drew explains how the wave of manager consolidation since 2021 has been less about exit planning and more about scaling for growth.

He breaks down the evolution of the GP stakes market, the rise of insurance-backed capital, and how private equity’s move into wealth and retail distribution is reshaping access to real estate.

[15:11] “The market is consolidating. If you look across every report out there, [they are] just about the big getting bigger, and the middle market is getting, to a certain extent, pinched by that reality.”

Drew also shares insights on how culture, trust, and alignment determine success long after a transaction closes.

[1:06:08] “What we talk about across our firm is [when] providing very close-knit quality and honest advice, that really can't go wrong for you.”

His perspective reveals why today’s most effective advisors think like both dealmakers and therapists—balancing capital, people, and purpose.

Links:

Drew Murphy | LinkedIn
Berkshire Global Advisors’ Website