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Behind the scenes of a GP-led restructuring

Two Goodwin lawyers explain how a recent transaction unfolded.

Two fund restructurings you should expect to see more of

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.

Logistics: When the word ‘shed’ no longer covers it

A distribution center in Japan demonstrates how technology and demographics are changing the face of logistics buildings.

StepStone backs Nordic RE restructuring

StepStone‘s real estate unit has invested in the restructuring of a fund managed by Nordic private equity real estate firm NREP, PERE’s sister publication, Secondaries Investor, reported Wednesday. The portfolio contains seven shopping centers in a deal worth at least DKr1.4 billion ($234 million; €188 million), according to a statement. The assets were held in NREP’s Nordic […]

Landmark: RE secondaries up 20% on heels of Harvard transaction

Dollar volume climbed $1bn year-on-year as endowments reduced their legacy fund portfolios and fund sponsors continued to recapitalize funds and partnerships.

Pradera completes fund recapitalization – Exclusive

The London-based retail real estate manager’s sale of a six-property portfolio will allow investors in its Pradera European Retail Fund 2 to fully exit the vehicle.

Sacramento County swaps separate accounts for fund stake

In an unusual real estate secondaries deal that one executive called a ‘no-brainer,’ the $8.6bn pension system is trading six assets for a $250m interest in an open-ended fund.

Time is money

Many factors govern a secondaries deal, but chronology is often overlooked. Editor of PERE’s sister title Secondaries Investor Adam Le considers the implications

Shifting gears in the secondaries market

Managers of real estate secondaries funds are creating their own niches to put to work the huge sums of dry powder they collected in recent years.

Secondaries’ latest trend sees managers grow their offering

Fund recapitalisations are now better accepted by managers and investors alike and will form a more meaningful part of future secondaries deal flow as a consequence.

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