LBA Logistics recapitalized a pair of industrial portfolios with a $1.6 billion investment from Blackstone late last month. The deal nets Blackstone a majority ownership of logistics assets in prime markets and gives LBA an injection of cash while allowing it to continue managing the assets. Recaps and manager-led secondary transactions have been rising in popularity for several years as a growing pool of capital chases a shrinking pool of top-flight assets, according to John Ferguson, co-chair of Goodwin’s Private Investment Funds practice and Real Estate Investment Funds practice. Read the PERE article here.