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Fundraising - SEPTEMBER 13, 2021

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AEW closes its fourth Asia Pacific value-add fund at $1.54b

by Kali Persall

AEW Capital Management has completed the final closing of its fourth Asia Pacific value-add fund, AEW Value Investors Asia IV (VIA IV).

The fund raised $1.54 billion in capital commitments — including dedicated client and third-party co-investment capital — exceeding its target fundraise of $1.2 billion. The investor base included a diverse group of public and private pension funds and insurance companies based in Europe, the United States and Asia Pacific.

According to AEW, VIA IV has a total of 18 limited partners, including a strong re-up rate from investors that committed to the predecessor fund, as well as new investors. The fund’s predecessor was capitalized with $1.12 billion, including co-investment capital, and that vehicle made its final investment in 2019.

“We are grateful to our investors for their ongoing support, especially during such an unprecedented period,” said David Schaefer, CEO Asia Pacific for AEW. “VIA IV successfully surpasse

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