real assets

The coronavirus crisis has accelerated the transformation of real estate secondaries and presented tangible opportunities for buyers with the right information.

The $515bn Canadian asset management giant has hired two Partners Group executives to help with the effort.

SIT IX, which acquires secondaries positions in existing timberland funds and co-investments. has already deployed $168m across five investments.

The firm, which rebranded from Private Advisors this year, closed its latest vehicle focusing on the asset class in April.

The firm's latest flagship secondaries fund, which is targeting $5.75bn, has already invested $1bn.

Brunel Pension Partnership has set up a £150m customised account with StepStone to make primary, secondaries and co-investments.

GPs have options when their funds are coming to an end, though they're not a walk in the park, writes Bruno Alves of sister title Infrastructure Investor.

Around $7.2bn worth of real estate secondaries deals closed or were placed under contract last year, according to research from Landmark Partners.

The firm has been organising itself to take advantage of increased opportunity in the asset class, according to co-chief executive David Layton.

Pretium’s $1.5bn deal is one of the largest GP-led secondaries transactions recorded, as such deals account for a growing share of the market.