End-of-life restructurings and stapled secondaries are proliferating in the private real estate market, according to Samantha Lake Coghlan, partner at law firm Goodwin.
The pension committed $50m to Newbury's Fund IV, which closed last week on $1.4bn.
The Berlin-headquartered firm continues to acquire assets on a deal-by-deal basis and is unlikely to deviate from this strategy any time soon.
Secondaries and primaries funds can be allocated up 60% of the firm's latest Global Infrastructure programme.
The firm is understood to be seeking around $12bn for its latest flagship in a year when several large secondaries firms are expected return to market.
The small- and mid-market secondaries specialist has closed its fourth fund on its hard-cap, raising around $340m more than its predecessor.
The German mid-market buyout firm has extended the life of its 2008-vintage fund by two years in a deal advised by Rede Partners.
The investment bank's GSIP unit is exploring the sale of stakes in 15 companies, Secondaries Investor has learned.
Hermance Capital Partners will invest into its three target asset classes through primary and secondaries transactions, co-investments and direct investments.
The two Reiten funds have several active assets, including a business analytics company and a concrete fabrication business.
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