Asia-focused fund exceeds $1 billion target in final close

Singapore-based Alpha Investment Partners Ltd. (AIP) has confirmed its second Asia-focused fund has surpassed its $1 billion fundraising target in a recent final close.

Alpha Asia Macro Trends Fund II (AAMTF II) has raised $1.65 billion from 17 international institutional investors, confirms Christina Tan, chief financial officer at AIP. The fund has an investment capacity of $4 billion. She describes the investors as some of the most prominent and experienced investors in the real estate world. Specific investors were not disclosed.

The fund launched in 2011 and raised $460 million by the time it held its first close in September 2011. AAMTF II has an unconstrained property focus, and will be investing with a core-plus/value-added strategy. Investments will be focused on developed Asian markets including China, Hong Kong, India, Japan, Singapore, South Korea and Taiwan.