The private equity giant has been given a vote of confidence in its controversial appointment of John Pattar in 2018 after it raised 40% of the capital for its first Asia real estate fund from investors also invested in his former Fudo Capital fund series.
The higher returning strategy raised only $35.4bn, but the average fund size hit an all-time high, according to PERE data.
The Singaporean investment firm remains confident in the future of offices and has 22% of its AUM deployed into the asset class.
The sector has only been institutionalized in recent years but is bolstered by long-term e-commerce growth in the country.
Buying opportunities will come from both expiring closed-end funds and developers motivated to sell to either repay debt or recycle capital.
Fundraisers
The New York-based global investment firm closed its first Asian real estate fund.
The India-based investment firm has launched its fifth Indian real estate fund.
The Miami-based investment firm has completed its biggest-ever initial closing with its latest property vehicle, which is also the largest in market.
Fundraiser image
The London-based manager attracted €844m in commitments.
More than half of the capital for the California firm’s latest vehicle came from the region, much of it from first-time investors.
pere
pere

Copyright PEI Media

Not for publication, email or dissemination