Oaktree Capital Management in the formation of Oaktree Opportunities Fund XII, a $16 billion fund including co-investment and affiliated vehicles, and its predecessor fund Oaktree Opportunities Fund XI, a $15.9 billion fund known as the largest distressed debt fund ever raised in the market and Oaktree’s largest fund in history.
Oaktree Capital Management in the launch of its Direct Lending Evergreen Fund, and successful first close at $2.35 billion.
Bain Capital in the formation of Bain Capital Real Estate Fund III, with approximately $3.4 billion in total commitments, and a $1.6 billion capital raise alongside 11North Partners, which will invest through their co-owned, open-air, necessity-based retail operating platform.
Nordic Capital on the close of its Evolution Fund II at €2 billion hard cap.
Nordic Capital on the formation of (i) Nordic Capital Fund X with aggregate capital commitments of €6.1 billion, (ii) its €1.2 billion Nordic Capital Evolution Fund and (iii) its €9 billion Nordic Capital Fund XI.
KPS Capital Partners in the formation of its $8 billion KPS Special Situations Fund VI and its $6 billion predecessor, KPS Special Situations Fund V.
KPS Capital Partners in the formation of its $1.7 billion KPS Special Situations Mid-Cap Fund II and its $1 billion predecessor, KPS Mid-Cap Fund.
Arcmont on the closing of a $2.5 billion credit continuation vehicle led by Ares.
GHO Capital on the close of Fund IV with over €2.5 billion of capital.
IK Investment Partners in the formation of its €2.85 billion IK IX Fund.
Ares Management on a definitive merger agreement with Whitestone REIT in which Ares Real Estate Funds will acquire all outstanding Whitestone common shares and operating partnership units for $19 per share or unit in an all-cash transaction valued at approximately $1.7 billion.
Ares Management, through an Ares Real Estate fund, on a series of joint ventures with The Scion Group to acquire two student housing portfolios from Harrison Street Asset Management, comprising 12 properties across 10 states with an approximate aggregate value of $910 million. The acquisition was financed in part by two mortgage loans totaling $620 million.
Blue Owl on its acquisition of all outstanding shares of common stock of Sila Realty Trust, Inc. in an all-cash transaction valued at approximately $2.4 billion.
GLP Capital Partners on the $3.7 billion sale of GCP International to Ares Management Corporation.
GLP Capital Partners in the $18.7 billion sale of its U.S. logistics business to Blackstone, the largest-ever private real estate transaction globally.
GIC alongside CPPIB and Equinix to co-invest in a $15 billion digital infrastructure platform.
The Special Committee of the Board of Directors of ground lease capital provider Safehold (NYSE: SAFE) in connection with Safehold’s $6.4 billion strategic merger with its controlling shareholder and investment manager iStar (NYSE: STAR), and related spinoff of iStar assets into a new publicly traded company.
Crescent Capital BDC, Inc. in its acquisition of First Eagle Alternative Capital BDC, Inc.
Cerberus Capital Management in its joint venture to acquire six hotel portfolios from Colony Capital, which included the assumption of approximately $2.7 billion of mortgage and mezzanine debt.
Cerberus Capital Management in its joint venture with affiliates of Highgate, a leading real estate investment and hospitality management company, on the acquisition of CorePoint Lodging Inc., a pure play select-service hotel owner strategically focused on the midscale and upper-midscale segments, for approximately $1.5 billion.
