Madison International Realty, a real estate private equity firm, completed the investment in AXA IM-backed Kadans, a life sciences platform. Financial terms were not disclosed. “Through this investment we have secured a stake in a developer and operator of life sciences real estate in Europe. Life sciences is a sector which we are already active in in the US but is still relatively new in Europe, and could be poised for further growth. The transaction is in line with our broader strategy of both investing where we have strong conviction and of taking stakes with what we believe are best in class operators, properties and businesses and working alongside highly regarded managers in sectors that we believe have the potential to grow significantly," Alex Lukesch, Madison International Managing Director.