Elion Partners secures strategic investment from Goldman Sachs Vintage Funds

Elion Partners (Elion), a real estate investment firm, has secured a strategic investment from Goldman Sachs Vintage Funds (Vintage Funds) in an Elion-sponsored investment vehicle that holds an existing portfolio of last-mile logistics real estate. 

The investment vehicle plans to continue to pursue an investment strategy focused on first, middle and last-mile logistics real estate, targeting strategic infill locations in high growth urban markets throughout the country.

Elion recently aggregated a portfolio of more than three million square feet in strategic infill locations across core U.S. markets. This includes six distribution buildings acquired in Q1 and Q2 2020. The firm also announced its expansion to the West Coast earlier this year with the addition of a new hire, Senior Managing Director James Lambert, who joined the firm from Amazon Logistics. As a vertically integrated firm, Elion owns and operates logistics assets in closed-end fund structures and permanent capital vehicles. The firm is a minority-owned registered investment adviser.

“The impact of the crisis has resulted in increased demand for an already active logistics real estate market,” says Juan DeAngulo, Managing Partner at Elion. “E-commerce adaptation and the need for supply chain onshoring are both pre-crisis trends that have been accelerated, which have combined with the emergence of increased inventory levels as companies look to mitigate future volatility risk. We look forward to acting on our pipeline of identified opportunities and continuing the expansion of Elion’s logistics portfolio across our identified markets.”

In May 2020, Goldman Sachs announced that it had raised its second dedicated real estate secondaries fund, Vintage Real Estate Partners II with approximately $2.75 billion in capital commitments. The fund invests globally in both traditional real estate limited partnership interests as well as more complex structured and non-traditional secondary transactions, providing liquidity to investors in illiquid real estate assets.

“We are excited for the Vintage Funds to get exposure to a high-quality existing logistics portfolio and are looking forward to partnering with Elion on their existing pipeline of opportunities,” said Sean Brenan, Managing Director at Goldman Sachs.