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Capital Formation
As traditional fundraising cools, institutional fund managers are lining up to access retail capital through the strategy
John Saunders, BlackRock’s head of Asia-Pacific real estate, reflects on the sale of Asia Square as the firm’s strategy in the region.
The TIAA subsidiary plans to join Blackstone and Starwood Capital Group with a US-focused permanent capital vehicle that could raise up to $5bn.
On the heels of Blackstone’s successful capital raise for its permanent capital vehicle, Starwood is launching a similar product.
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The US endowment which has invested $75m in Blackstone’s latest Asia fund said the firm is able to seize on opportunities others cannot access due to its scale in the region.
The real estate investment manager has so far corralled $335m for its fifth pan-Asia opportunistic vehicle for which it has a target net return of 18%.
The German real estate investment manager has teamed up with Japan’s Kenzo Real Estate to invest German institutional capital in Japan’s residential market.
The $15.5bn listed asset management firm has established its first private equity real estate fund to invest in properties across Asia Pacific.
The Mumbai-based real estate manager has raised capital for its second special situations fund.
The firm will again look to raise KRW500bn from Korean institutions looking to gain exposure to investments in office properties in international gateway cities.