The New York-headquartered firm is targeting between $6.5 billion and $7 billion for Goldman Sachs Vintage Fund VIII, according to two sources familiar with the matter. New York, NY â May 19, 2020 â Goldman Sachs announced today that it has raised its second dedicated real estate secondaries fund, Vintage Real Estate Partners II, and associated separate accounts (collectively, âVREP IIâ) with approximately $2.75 billion in capital commitments, exceeding their $1.25 billion target. Tel: 212.902.5400, Elion Partners receives strategic investment from Goldman Sachs Vintage Funds to pursue first, middle & last-mile logistics real estate investments. We extend these capabilities to the worldâs leading pension plans, sovereign wealth funds, governments, financial institutions, endowments, foundations, family offices and individuals, for which we invest or advise on over $320 billion of alternative investments.
© 2020 Goldman Sachs. Sean Brenan, Managing Director at Goldman Sachs, said, âThe secondary market for real estate interests has grown substantially over the past several years, and we have seen both an increase in volumes as well the emergence of non-traditional secondary structures, similar to what we have been executing on the private equity side for many years. NEW YORK--(BUSINESS WIRE)--Elion Partners (“Elion”), a real estate investment firm, today announced a strategic investment from Goldman Sachs Vintage Funds (the “Vintage Funds”) in an Elion-sponsored investment vehicle that holds an existing portfolio of last-mile logistics real estate. We leverage the depth and breadth of global relationships across Goldman Sachs to identify investment opportunities, drawing on our firm-wide capital market insights, industry research, and risk management platforms. Our clients access these solutions through our direct proprietary strategies, customized strategic partnerships, and open-architecture programs. The success of this fundraise is a credit to our global franchise, our established presence in the market, our experienced team, and our track record of investing in real estate secondaries.â. We believe that our size and ability to move with speed and certainty will be key differentiators in the coming years.â, About the Vintage Funds and Goldman Sachs Alternative Investments. The fund invests globally in both traditional real estate limited partnership interests as well as more complex structured and non-traditional secondary transactions, providing liquidity to investors in illiquid real estate assets.
The precise launch date of the vehicle is unclear.
The teamâs first real estate secondaries fund, Vintage Real Estate Partners, closed on approximately $900 million in capital commitments in November 2016. Patrick Scanlan | Goldman Sachs | 212-902-5400.
The firm is a minority-owned registered investment adviser.1, “The impact of the crisis has resulted in increased demand for an already active logistics real estate market,” said Juan DeAngulo, Managing Partner at Elion.
Our alternative investment teams represent over 1,300 professionals, across 31 offices around the world. It has launched private equity, early private equity and real estate secondaries funds since Vintage … Goldman Sachs Asset Management is in market seeking $7 billion for its latest secondaries fund, Secondaries Investor revealed. We leverage the depth and breadth of global relationships across Goldman Sachs to identify investment opportunities, drawing on our firm-wide capital market insights, industry research, and risk management platforms. VREP II includes a diversified investor base of high quality institutional and high-net-worth individuals, including a number of commitments from existing investors as well as those new to the strategy, both from the United States as well as from countries like the United Kingdom, France, Germany, Japan, Canada and Chile. Elion Partners is a real estate investment firm and registered investment adviser.1 As a vertically integrated platform, Elion is both a fiduciary and operator, managing more than $1.5 billion in real estate assets through closed-end funds and permanent capital investment vehicles.
With over $38 billion in committed capital since inception, the Vintage Funds have been innovators in the secondary market for over 20 years. With over 30 years of experience, we invest in the full spectrum of alternatives, including private equity, growth equity, credit, real estate, infrastructure, ESG, and absolute-return strategies. The fund invests globally in both traditional real estate limited partnership interests as well as more complex structured and non-traditional secondary transactions, providing liquidity to investors in illiquid real estate assets. CLNC will also have the ability to draw down up to $29 million in additional commitments for future allocation to the portfolio. Elion recently aggregated a portfolio of more than 3 million square feet in strategic infill locations across core U.S. markets. The preferred financing investment doesnât impact the managerâs discretion with respect to the continuing investment and portfolio management of the investments. Investing globally and across a range of asset classes, the Vintage Funds provide liquidity, capital and partnering solutions to private market investors and managers worldwide. Elion Partners Limited partners in GS Vintage Fund V include … With over 30 years of experience, we invest in the full spectrum of alternatives, including private equity, growth equity, credit, real estate, infrastructure, ESG, and absolute-return strategies. Goldman Sachs is one of the worldâs leading investors in alternative investments. Registration as an investment adviser with the SEC or with any state securities authority does not imply a certain level of skill or training. Our clients access these solutions through our direct proprietary strategies, customized strategic partnerships, and open-architecture programs.
We extend these capabilities to the world’s leading pension plans, sovereign wealth funds, governments, financial institutions, endowments, foundations, family offices and individuals, for which we invest or advise on over $320 billion of alternative investments.
We leverage the depth and breadth of global relationships across Goldman Sachs to identify investment opportunities, drawing on our firm-wide capital market insights, industry research, and risk management platforms. Our alternative investment teams represent over 1,300 professionals, across 31 offices around the world.
http://elionpartners.com/, About the Vintage Funds and Goldman Sachs Alternative Investments. All rights reserved. Investing globally and across a range of asset classes, the Vintage Funds provide liquidity, capital and partnering solutions to private market investors and managers worldwide. Tel: 305.933.3538 | Mobile: 954.232.5573 | [email protected], Patrick Scanlan These include providing liquidity to limited partners motivated by the denominator effect and unfunded liabilities, as well as partnering with managers seeking to capitalize on reset pricing across the real estate landscape. © 2020 Goldman Sachs. âGoldman Sachsâ Vintage Funds provided strategic capital and expertise that allow us to retain flexibility and position these assets for future growth,â said Andrew Witt, Chief Operating Officer of CLNC. As a vertically integrated firm, Elion owns and operates logistics assets in closed-end fund structures and permanent capital vehicles. Goldman Sachs Asset Management Closes GS Vintage Fund V, Private Equity Secondaries Fund with $5.5 Billion in Capital. Our alternative investment teams represent over 1,300 professionals, across 31 offices around the world.
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