OCTOBER 28, 2013

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Angelo Gordon to launch third Asian fund

by Andrea Waitrovich

Angelo, Gordon & Co. has plans to launch a third Asian private equity real estate fund in 2014. The opportunistic fund will have a $625 million fundraising goal.

The firm’s previous Asia-focused fund, AG Asia Realty Fund II, closed in 2010 with $625 million in equity. Most of the fund's investments will be in China, while Japan will get about 30 percent and South Korea will receive 10 percent to 15 percent. Angelo Gordon has been investing the vehicle’s capital in residential, industrial and retail development in China, as well as Japanese assets, predominantly Tokyo offices.

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