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SilkRoad closes sophomore fund

The Singapore-based manager was able to raise $549 million, well in excess of its target.

  • Fund name: SilkRoad Asia Value Partners II
  • Amount raised: $549 million
  • Target size: $500 million
  • Stage of fundraising: Final close
  • Final close date: December 2020
  • Time on the road: 27 months
  • Predecessor fund: SilkRoad Asia Value Partners ($445.5 million)

SilkRoad Property Partners has closed its SilkRoad Asia Value Partners II at $549 million, thereby surpassing its $500 million target. The fund had been in market since October 2018 but capital raising was disrupted by the covid-19 pandemic. It will continue its predecessor’s strategy by focusing on value-add investments in Asia.