Angelo, Gordon & Co. raises $1.3b for fourth Asia-focused fund
Angelo, Gordon & Co. has raised $1.3 billion for its fourth Asia-focused real estate fund, AG Asia Realty Fund IV, exceeding the fund’s $1 billion target.
The fund was backed by existing Angelo Gordon investors, as well as a number of new global institutional investors.
“We are thankful for our new and returning investors’ confidence in our strategy and approach, which have remained consistent and contributed to the solid growth of our platform over the past 13 years,” said Wilson Leung, head of Asia Real Estate. “We continue to see a wealth of compelling investment opportunities in Asia, and the depth of our experience and strength of our network of local operating partners make us well-positioned to capitalize on those opportunities, improve asset performance, and drive value for our investors.”
The fund will seek to identify and capitalize on value-add turnaround and development opportunities across major markets in Asia, with a strong emphasi