Starcrest Capital Partners raises $276m

The Shanghai-based firm gained support from LPs across regions.

Starcrest Capital Partners held a final close for its Starcrest China Real Estate Fund II at $276.5 million. The fund was launched in October 2014, with a target at $300 million. Limited partners in the fund include endowments, pensions, banks, asset managers and family offices across North America, Europe and Asia.

The firm will use the capital to make opportunistic investments in a diverse number of sectors in China.