Avatar Capital Partners (ACP), an Asia-based asset management platform, has held the final close of its inaugural real estate fund, ACP Real Estate Fund I at JPY 15.2 billion ($103 million) and a strategic partnership with Townsend Group and its client. On behalf of its client, the strategic investment in the company was led by Townsend, who is a leading advisor and partner to institutional investors globally focused on real estate and real assets.
The Tokyo living sector-focused fund has attracted significant investor interest, achieving an oversubscribed final close within one year of its launch, which was supported by Townsend, a leading pension fund, top-tier family offices and foundations throughout Asia. The fund will capitalize on off-market investment opportunities in Japan’s thriving living sector, with a specific focus on acquiring high-quality multifamily assets in prime Tokyo locations. This strategy leverages strong underlying fundamentals, including urban popu
