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Goldman Sachs Invests in Logistics Via Elion Partners Vehicle
Goldman Sachs Vintage Funds has made a strategic investment in an Elion Partners-sponsored investment vehicle that holds an existing portfolio of last-mile logistics real estate. Terms weren’t disclosed.
The Elion-sponsored vehicle, which has aggregated more than three million square feet in strategic infill locations, plans to continue pursuing an investment strategy focused on first-, middle- and last-mile logistics real estate.
In May, Goldman Sachs said it had raised its second dedicated real estate secondaries fund, Vintage Real Estate Partners II, with approximately $2.75 billion in capital commitments. The fund invests globally in both traditional real estate limited partnership interests and more complex structured and non-traditional secondary transactions.
“We are excited for the Vintage Funds to get exposure to a high-quality existing logistics portfolio and are looking forward to partnering with Elion on their existing pipeline of opportunities,” said Sean Brenan, managing director at Goldman Sachs.
Pictured: Goldman Sachs headquarters in Lower Manhattan. Photo courtesy of LVC Interiors.
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