The JV with property investor ShopOne, struck on the back of a secondaries recap, provides fresh capital to invest in shopping centres in metropolitan areas.
Sevita, which offers various home- and community-based care services to the nation’s most in-need populations, has already produced gains for its current owners -- whome took the company private at a $1.4bn valuation in 2019.
Several firms have added secondaries capabilities, either by building in-house groups or acquiring outside firms, like Ares Management, which bought Landmark Partners earlier this year.