Fundraising - MAY 15, 2013

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Aberdeen Asia nears final close for third Asia fund

by Andrea Waitrovich

Aberdeen Asset Management has plans to hold a final close for its Aberdeen Asia III Property Fund of Funds on May 31, 2013. The value-added fund launched in July 2011 with a $600 million fundraising goal.

Like its two predecessor funds, which raised a combined total of approximately $800 million and are fully committed, Aberdeen Asia III aims to create a well-diversified portfolio of best-in-class property funds investing across the region. It will invest in mature markets such as Australia and Japan, as well as emerging markets such as China and India. The fund will pursue investments in funds with strategies from core to opportunistic. In addition, the fund of funds will invest in innovative structure such as club deals and joint ventures.

Aberdeen Asia III Property Fund of Funds held a $242 million

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