Asia's fundraising miracleMore than $32bn of capital is being sought by dedicated Asia real estate fund managers, as of press time, according to PERE magazine data. Here are some of the latest funds capitalizing on the trend.
Fund | Firm | Strategy | Closed ($m) | Target ($m) |
LaSalle Asia | LaSalle Investment | Asia diversified | $3,000 | $1,000 |
Opportunity Fund III | Management | |||
AEW Value Investors Asia | AEW Capital Management | Asia diversified | $558 | $350 |
Raffes City China | CapitaLand | China hospitality | $1,000 | n/a |
Unitech International | Unitech | India diversified | $300 | $600 |
Real Estate Fund | (1st close) | |||
Mapletree India-China Fund | Mapletree Investments | India-China diversified | n/a | $1,500 |
Walton Street India Fund | Walton Street Capital India | India diversified | n/a | $1,000 |
Value of fundraising targets for Asia-focused funds YTD 2008 | $32,910 | |||
Total Asia funds closed YTD 2008 | $12,021 |