The addition of a real estate strategy provides individual investors and family offices with access to funds managed by Morgan Stanley, PGIM, and Starwood Capital.
The jointly developed product gives wealth investors access to ICG's private equity LP secondaries strategy spanning North America and Europe.
Harrison Street's process sold 91% of shares offered, with 41% transacting at a 15% discount to NAV versus the 20% initially requested.
The two interval funds give wealth management clients access to private equity, including secondaries and co-investments.
The interval fund joins a lineup of vehicles managed by Neuberger, StepStone, and Nuveen across private credit, multi-asset, real estate, and venture strategies.
Neuberger Private Markets Access Fund, a $2.5 billion tender offer fund targeting small- and mid-cap companies, allocated 17% of its capital to GP-led secondaries as of June.
Two CAZ funds are now available through the SoFi Invest platform, covering themes including GP stakes, professional sports, energy infrastructure, space, and defense.
Funds managed by Apollo have invested more than $1 billion in a joint venture with the trust, which will use the proceeds to repay a significant portion of its credit facility.
The capital raise, which will fund further acquisitions across Canada, was completed through an iCapital-managed investment vehicle.
The iCapital Virtus Diversified REIT will provide Canadian wealth managers with streamlined exposure to VREIT's non-listed real estate portfolio.
