Slowdown? What slowdown?

Even before the credit crunch hit, interest in Asian real estate investments was growing at a strong pace. That interest shows no sign of abating. By Zoe Hughes

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