The iCapital Virtus Diversified REIT will provide Canadian wealth managers with streamlined exposure to VREIT's non-listed real estate portfolio.
EvergreenLink outlines the investment strategy, performance, and other key details of the iCapital Network Canada-managed fund.
EvergreenLink examines the Q2 capital flows, investment activity, and performance of Fairway's tender offer fund that is now available on iCapital.
The Florida-based manager has added its private credit strategy to the platform, following the launch of its CLO-focused interval fund earlier this month.
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.
The firm also provided updates on its private equity evergreen fund and non-traded BDC, as well as plans to launch new products targeting the wealth segment.
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 sale-leaseback deal, completed through a JV with Fetner Properties, follows the fund's conversion from a tender offer to an interval structure, while still being taxed as a REIT.
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.
