Asia Capital raises $26.7m for new multifamily fund

Asia Capital Real Estate, a private investment firm, has raised $26.7 million for its new real estate fund, Asia Capital Real Estate Partners III, according to a filing with the SEC.

Asia Capital Real Estate Partners III is a closed-end real estate fund that specializes in multifamily investments predominately in the South and Southeast regions of the United States. No target final close has been announced for the new fund.

Asia Capital Real Estate manages discretionary funds for a select number of institutional investors and family offices. The firm looks to drive investment performance through a combination of careful underwriting, strategic capital investment and operational improvements.