GP-led transactions surged 60% YoY to reach $14.5 billion, according to a report by Ares.
The $109 billion Canadian pension fund joins Lunate-backed Axight as a minority shareholder after the latter acquired a 27% stake from Brookfield earlier this year.
The firm also expects to hold a first close for its tenth real estate secondaries strategy by year-end at more than 50% of its initial $2.5 billion target.
The pension worked with Hamilton Lane on the secondary acquisition of an interest in the approximately $31 billion open-end real estate fund.
The newly formed joint venture acquired an 87-building industrial portfolio across eight US markets, with GID retaining asset management responsibilities.
The fund's predecessor, Strategic Partners Real Estate VIII, closed with $2.6 billion in capital commitments in 2023.
The firm's $3.1 billion in Q3 secondaries inflows were driven primarily by its tenth private equity and ninth real estate secondary funds.
Drawing on proprietary SecondaryLink and EvergreenLink data, the Institute for Private Capital explores the drivers behind buyout fund discounts and pricing trends over the past decade.
The firm is reportedly eyeing €500 million in commitments for an inaugural fund.
Cascade Real Assets Fund currently provides exposure to 120 properties through seven platform partners, spanning secondaries, co-investments, and seasoned primaries.
