Evelyn Lee
The New York-based asset management firm, one of the most active players in real estate secondaries, has acquired a majority stake in the Cleveland-based real asset adviser primarily from Chicago-based private equity group GTCR for $380 million.
The New York-based private equity real estate firm has acquired the bulk of the assets in a 2007-vintage vehicle.
The Zug, Switzerland-based private markets investment manager has acquired seven real estate assets with a total gross value of $163m.
The $300 billion pension plan’s offering would be the largest ever on the real estate secondaries market.
Discounts do not have as meaningful an impact on returns in the real estate secondary market as one would think, experts said at the PERE LA event last week.
Simsbury, Connecticut-based Landmark Partners recently acquired limited partnership interests in two of Europa Capital’s funds.
Carlyle's Metropolitan is targeting $450m for its first dedicated secondaries and co-investments fund.




