Publications

Fundraising - DECEMBER 5, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Angelo Gordon holds $850m final close for Asia fund

by Jody Barhanovich

Angelo, Gordon & Co. has held a $850 million final close for AG Asia Realty Fund III, according to a statement, exceeding its $750 million equity fundraising target.

The value-added/opportunistic closed-end fund will invest in industrial, multifamily, retail and single-family properties, mainly in China, Hong Kong, Japan and South Korea .

AG Asia Realty Fund III opened in first quarter 2014 and has received capital commitments from a mix of U.S. and international institutional investors, including a $50 million commitment from the $80.9 billion Minnesota State Board of Investment.

The closing of the fund has helped bring nearly $3.5 billion of new capital to Angelo Gordon’s global real estate platform. Since 1993, Angelo Gordon has invested around $10 billion of equity globally in real estate deals, with $1.9 billion of equity

Forgot your username or password?