The New York-based alternative asset manager specializes in commercial real estate and structured credit investments.
The management buyback closes out AMG's investment in the former Comvest business, with total proceeds of about $294 million.
Ares Secondaries funds made the follow-on commitment three months after their initial minority equity investment in the data center operator.
Harrison Street's process sold 91% of shares offered, with 41% transacting at a 15% discount to NAV versus the 20% initially requested.
The deal, which includes future fund commitments, expands Temasek's exposure to Italy's mid-market.
The deal would reportedly expand the firm's presence in Europe and boost its infrastructure exposure.
The transaction, expected to close in Q4, will support the growth of AREP's investment and development platform, including its vertically integrated data center strategy.
The deal marks Reality Growth's second investment since launching earlier this year as a dedicated GP stakes platform.
The sale will be at a premium to NAV and marks the GP stakes specialist's tenth realization since 2024.
Founded in 2008, Prime is a private commercial real estate credit platform with over $15 billion in AUM.
