Marine Cole
One of the co-investors that participated in the transaction was The Texas State Board of Education, which oversees the Texas Permanent School Fund, and contributed $50 million.
The fund will be focused on small-cap real estate funds raising between $300 million and $600 million.
The transaction marks the largest real estate secondary sale to date.
The Swiss private markets investment manager has struck its latest real estate secondaries deal with the acquisition of a Nordic property portfolio.
The university endowment had put $1 billion of real estate fund interests on the market earlier this year.