11.30.23 | This week we recognized 2 capital-related transactions with a disclosed value of $9.2 Billion USD.
| Deal Size (Bn USD) | Capital Related Transactions |
| $6.6 | Aware Super Announces €6 Billion ($6.6 Billion USD) Commitment to UK Investment Office |
| $2.6 | Blackstone Strategic Partners Closes Eighth Real Estate Secondaries Fund at $2.6 Billion |
| $9.2 | Total |
Additionally, we recognized 1 leadership change within the industry.
Summary of Transaction Headlines
IREI | “Aware Super Announces €6 Billion ($6.6 Billion USD) Commitment to UK Investment Office”
Aware Super announced at the Global Investment Summit that it will direct a A$10 Billion (£5.25 Billion/€6.0 Billion/$6.6 Billion) investment commitment in the United Kingdom and Europe through its newly established London office. With A$160 Billion (£83.2 Billion/€96.6 Billion/$106 Billion) of assets under management, Aware Super has ambitions to grow to A$250 Billion (£130 Billion/€151 Billion/$165 Billion) of assets under management, with international expansion into the United Kingdom a key strategy aimed at achieving that goal. Currently, the fund has A$17 Billion (£8.84 Billion/€10.3 Billion/$11.2 Billion) invested in the United Kingdom and Europe.
IREI | “Blackstone Strategic Partners Closes Eighth Real Estate Secondaries Fund at $2.6 Billion”
Blackstone has held a final close on $2.6 Billion for its latest real estate secondaries fund, Strategic Partners Real Estate VIII LP, and its related committed program vehicles. “We are incredibly grateful to our investors for their continued support. We remain committed to generating strong risk-adjusted returns for the Millions of beneficiaries that our investors represent,” said Verdun Perry, Global Head of Strategic Partners. With our substantial scale and private market footprint, we believe we are well-positioned to capitalize on the substantial, and growing, opportunities in the real estate secondaries market.
Market Screener | “Elite Commercial REIT Appoints Tong Meng Chong, Michael as Chief Financial Officer”
Elite Commercial REIT announced the appointment of Tong Meng Chong, Michael as Chief Financial Officer. Mr. Tong has more than 10 years of experience in financial reporting, financial planning and analysis, project finance, consolidation, taxation, and compliance. Prior to joining Elite REIT, Mr. Tong was employed with Lendlease and was the General Manager Finance, Asia, where his core responsibilities included regional reporting, financial accounting, compliance, annual budgeting, and quarterly forecasting.
Large Platform Events | Issue 26.16
Large Platform Events | Issue 26.15
