As the global commercial real estate market matures, interest in the secondary market is also increasing. In addition to traditional asset management firms known for secondary funds, such as Partners Group, StepStone Group, and Landmark Partners, major players in the global alternative investment industry, including Blackstone and Brookfield, are also actively expanding their secondary business. In the case of Blackstone, it entered the secondary market by acquiring Strategic Partners, the secondary private equity division of Credit Suisse (CS), for USD 9 billion in 2013, and Brookfield, which is on par with Blackstone, is also expanding its secondary business by recently launching a secondary fund. As LPs and GPs […]