The direct secondary transaction, which values the real estate firm at $3 billion, will reportedly materialize in the coming weeks.
The secondary transaction reportedly involved investments alongside several major private equity sponsors, with the seller retaining a portion of the assets.
The newly formed joint venture acquired an 87-building industrial portfolio across eight US markets, with GID retaining asset management responsibilities.
The secondary share sale reportedly values the defense tech company at $90 billion.
The firm will reportedly pay about $350 million for a 40% interest, implying an equity valuation of roughly $875 million for the Israeli camouflage technology manufacturer.
The employee and early investor auction valued the workplace trust company at over £100 million and marked the third transaction conducted under the PISCES framework.
Existing investors in the German robotics startup, including Sequoia and Lightspeed, participated alongside new backers.
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 $300 million secondary share sale was led by Wellington and T. Rowe Price and brought in new investors, including EQT, Goldman Sachs, and Sapphire Ventures.
