SilkRoad Asia Value Partners II, a value-add real estate fund managed by Silkroad Property Partners, has closed with $549 million in capital commitments, exceeding its $500 million fundraising target.
The capital is expected to be invested in assets in Singapore, where SilkRoad Property Partners is based, as well as Hong Kong and tier 1 cities in China such as Shanghai, Beijing and Shenzhen.
SilkRoad was founded in 2012 to invest in Asian real estate markets on behalf of major institutional investors. The firm has invested more than $1.5 billion in commercial property during the past 10 years, according to SilkRoad’s website.
The fund’s predecessor, SilkRoad Asia Value Partners, closed in 2016 with $350 million in capital commitments, according to private equity marketplace Palico.
The firm could not be reached to comment on its investment activity at the time of publication.
