The partnership will focus on direct real estate assets, secondaries, and investments in operating platforms across Europe.
LTC Invest Fund V, which is targeting $250 million in size, is reportedly anchored by Founder and CEO Konstantin Sidrov and Revolut Chairman Martin Gilbert.
The deal marks Reality Growth's second investment since launching earlier this year as a dedicated GP stakes platform.
In July, the firm closed its debut program targeting the strategy with more than $5.5 billion in capital commitments.
The alternatives manager also gave updates on the fundraising status of several other secondaries strategies spanning private equity, GP-leds, venture capital, and infrastructure.
The Norwegian manager's latest €445 million hybrid investment vehicle is already 70% deployed, SecondaryLink has learned.
Builders Vision, iAlumbra Capital, and Sonen Capital have joined the investor base as the fund continues deploying capital.
The Euronext Amsterdam-listed manager is also preparing to launch two additional products focused on credit and infrastructure secondaries.
The manager's debut vehicle, which closed in December, primarily targets secondary LP interests across special situations credit, direct lending, and infrastructure-like private equity.
The real assets specialist is targeting $3 billion for its latest vintage, which will pursue a combination of GP-led and LP-led transactions.
