EQT signs deal to buy Stockbridge manager for reported $375M
The acquisition adds $16.5 billion in fee-generating assets; Two Sigma's real estate unit pauses new investments, The Real Deal reports.
At a glance
EQT has signed a deal to acquire Stockbridge's management company and GP entities.
The reported $375 million price works out to about 2.3 cents for each dollar of fee-generating assets.
For institutional allocators, the EQT transaction changes who owns the manager overseeing their commitments, not the underlying properties.
EQT has signed a deal to acquire Stockbridge's management company and GP entities.
The deal adds $16.5 billion in fee-generating assets.
The deal covers 100% of the management company and GP entities, making it a purchase of the fee-earning manager rather than a property portfolio.
The reported $375 million price works out to about 2.3 cents for each dollar of fee-generating assets.
The Real Deal, citing Bloomberg, reported that Two Sigma's real estate unit has paused new investments and halted fundraising.
Rich Gomel, who joined five years ago to lead the unit, is leaving, the report said.
For institutional allocators, the EQT transaction changes who owns the manager overseeing their commitments, not the underlying properties.
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