e-Shang Redwood has raised a total of $1.2 billion for its co-investment vehicles and the Redwood Japan Logistics Fund 2 (RJLF II).
The fund was launched in February 2016 with a target at $500 million.
Some of the fund investors include Equity International, State Oil Fund of the Republic of Azerbaijan (SOFAZ), Employees Provident Fund of Malaysia and the Church Pension Group. The Allianz Real Estate has upsized its earlier commitment to a total of $185 million.
Th firm will use the capital to make investment in logistics sector in Japan.