| The Government of Singapore Investment Corporation (GIC) has hired Greenhill Cogent to sell a large portfolio of real estate fund interests, PERE publication Secondaries Investor said in a report. Singapore’s sovereign wealth fund could sell real estate assets to the tune $1 billion, transaction is expected to launch in the fall, the report added, quoting two unnamed executives familiar with the development.
The report further said that both Greenhill Cogent and GIC did not comment on the development. Secondaries Investor also said that as per a recent report from Greenhill Cogent, real estate secondaries volume was about $3 billion, compared with $4 billion for the whole 2014...............................................Full Article: Source
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