To get the capital gains break, the Commerce secretary must invest the proceeds of the sales in Treasury bonds or diversified exchange-traded or mutual funds.
StepStone's real estate arm has raised $4.5bn of capital at the final close of its fifth flagship real estate secondaries fund programme.
The post StepStone scores second fund close in days with $4.5bn of capital for secondaries RE strategy appeared first on AltAssets Private Equity News.
