Goldman Sachs invests in US last-mile logistics via Elion Partners

A Goldman Sachs real estate secondaries fund is investing in US last-mile logistics through Elion Partners. Elion said it has received the undisclosed sum from Goldman Sachs Vintage Funds to help grow the Elion fund's portfolio. The Elion vehicle holds an existing portfolio of US last-mile logistics real estate and 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. 

Juan DeAngulo, managing partner at Elion Partners, said: "The impact of the crisis has resulted in increased demand for an already active logistics real estate market. 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." Sean Brenan, managing director at Goldman Sachs, said: "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."

In May this year, the Goldman Sachs Vintage Real Estate Partners II fund raised £2.75bn (EUR2.33bn).

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