Adam Le
The pension has committed $100m to a vehicle that will invest alongside the Carlyle unit’s latest real estate-focused secondaries fund.
.jpg "Strategic Partners amasses $1.3bn for RE Fund VI")
The firm has hit the hard-cap on its first dedicated real estate secondaries fund raised since it was acquired by Blackstone in 2013.
Real estate will take the biggest hit of any asset class after Britain decided to leave the European Union, Partners Group said in its half-year earnings report.
The remaining assets in the real estate manager’s 2006-vintage fund were moved into a new vehicle with Madison investing 20 percent of the new fund.
The Indian financial services firm has sold its majority interest in the private equity and real estate secondaries firm back to management.
Landmark Partners continues its London hiring spree with the addition of a real estate secondaries analyst.
Sonae Sierra will continue to manage the nine asset fund after selling a 25% stake to the New York real estate investment firm.
The portfolio sale, the biggest secondaries deal ever, included stakes in LaSalle, CBRE and Starwood-managed funds.
NewQuest Capital Partners took the gong in Asia, while CalPERS and Strategic Partners clinched the top spot for Secondaries Deal of the Year in the Americas.
The move is part of larger strategic initiatives at the real estate investment firm to provide cash for repurchasing its own stock and repaying loans.