Goldman Sachs RE Fund Backs Elion Partners Vehicle that Targets US Last Mile Logistics
Posted on 08/26/2020
Goldman Sachs, through a real estate secondaries fund, is investing in a vehicle managed by Elion Partners. Goldman Sachs Vintage Funds is investing in a vehicle that will target last-mile logistics in the United States. The Elion vehicle holds an existing portfolio of U.S. last-mile logistics real estate. The investment vehicle will target urban infill opportunities. Founded in 2010, Elion Partners is both a fiduciary and operator, managing more than US$ 1.5 billion in real estate assets through closed-end funds and permanent capital investment vehicles.
In May 2020, Goldman Sachs Vintage Real Estate Partners II fund raised US$ 2.75 billion. 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.
