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 pension worked with Hamilton Lane on the secondary acquisition of an interest in the approximately $31 billion open-end real estate fund.
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 investment in the Brazilian alternative asset manager will be made through a primary capital injection, with no existing partners selling their holdings.
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.
