Lisa Fu
Lisa Fu is a PERE reporter based in New York. She covers private real estate news and trends primarily in the Americas. Prior to joining PERE, she covered US equities as an intern at Business Insider’s Markets Insider vertical and at Bloomberg’s First Word desk. She also spent some time as an intern at Fortune. Lisa is a graduate of the University of Georgia. She holds a degree in Journalism (AB) and New Media Certificate from the Grady College of Journalism and Mass Communications and a degree in Economics (AB) from the Terry College of Business.
Pretium’s $1.5bn deal is one of the largest GP-led secondaries transactions recorded, as such deals account for a growing share of the market.
Deal volume in the asset class fell almost 40% during the period – a dip which is expected to be temporary.
The vehicle will allow investors to buy and sell their equity stakes in the fund within minutes and without any negotiation process.
The firm follows CBRE GIP and Madison International Realty in acquiring assets from a fund nearing the end of its life.