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 recently registered interval fund, sub-advised by Barings, will target private asset-based credit investments through direct and secondary transactions.
The former Kirkland & Ellis Partner brings over a decade of experience, including advising on strategic investments in fund sponsors, minority stake sales, secondaries, and open-end fund formation.
The recently registered interval fund, sub-advised by GCM Grosvenor, will target real asset investments through secondary, primary, co-investment, and listed transactions.
The deal marks Reality Growth's second investment since launching earlier this year as a dedicated GP stakes platform.
The alternatives manager also gave updates on the fundraising status of several other secondaries strategies spanning private equity, GP-leds, venture capital, and infrastructure.
