GP-led transactions surged 60% YoY to reach $14.5 billion, according to a report by Ares.
Top professionals from TR Capital and Aquilius Investment Partners discuss what is driving Asia's secondary market, transaction mix, structural hurdles, and where growth could come from next.
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.
Ares Real Estate Secondaries X will invest across LP-led portfolio sales, GP-led transactions, and structured secondary deals.
The £165 million deal was completed through a joint venture, with Partners Group investing from its real estate secondaries strategy.
The firm has reportedly engaged with prospective buyers to facilitate liquidity for investors in a US-based open-ended fund managed by Blackstone Property Partners.
The deal will support the UK housebuilder's expansion toward 7,000 homes a year, with Apollo retaining control.
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.
Australian Retirement Trust and Mercer Super are reportedly joining the British resort operator's cap table.
