In the world of real estate, a former Blackstone executive is gearing up to ride the waves of market volatility with the launch of a new investment management venture. Chad Pike, a seasoned player with 25 years at Blackstone, is stepping into the limelight with Makarora, a company set to raise billions of dollars. The initial focus is on U.S. transactions, covering private debt and equity, along with opportunities in the public market stemming from market turbulence.