Invesco Real Estate Asia has appointed Jason Choi to develop the firm’s opportunistic strategy in Asia, which would include handling fundraising, acquisitions, portfolio management, and investor relations, PERE has learnt.
Based in Hong Kong, Choi joins as a director, fund manager, in Invesco’s team at a time when the firm is corralling capital for its much-awaited maiden opportunistic vehicle in the region that is targeting to raise around $500 million.
Invesco declined to comment on the appointment.
However, PERE has learnt from sources that Choi came on board in November last year from Morgan Stanley Real Estate Investing (MSREI) where he was working as vice president, senior acquisitions officer, in the real estate investing team.
With over ten years of industry experience, Choi joined the real estate investment business of the New York-based investment bank Morgan Stanley in 2006 and worked in the firm’s Seoul and Shanghai offices before moving to Hong Kong in 2010.
At Invesco, he is reporting to former MSREI senior executive Calvin Chou, the head of Invesco’s opportunistic funds business in Asia. Chou was previously the head of Greater China and Southeast Asia for MSREI and joined Invesco in June last year in what was a newly-created role for the region to expand Invesco’s higher yielding investment activities.
Soon after Chou's appointment, the firm brought to market the Invesco Asia Real Estate Fund III. According to an earlier PERE report, the firm has raised up to $100 million in hard commitments from investors. No closing for the fund has been held so far.