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 $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 newly formed joint venture acquired an 87-building industrial portfolio across eight US markets, with GID retaining asset management responsibilities.
The deal aims to broaden Mubadala's investor base and strategies, with incoming shareholders expected to commit $5 billion across its investments.
The private debt specialist, which operates a dedicated secondaries strategy, has reportedly held talks with several international investors.
The passive minority investment will reportedly strengthen the Swiss private equity firm's balance sheet and support team expansion and alignment with LPs.
The GP staker will support the Australian property investor's growth across distribution, product development, and institutionalization.
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.
