CBRE Investment Management raises $1.74b for sixth Pan-Asia value-add fund
CBRE Investment Management has received total capital commitments of $1.74 billion (including firm co-investments) from 13 institutional investors from EMEA, the Americas and Asia Pacific for CBRE Asia Value Partners VI (AVP VI).
The fundraise exceeds the initial target for the fund of $1.2 billion and, together with additional firm co-investments expected to be finalized shortly, represents the fund’s hard cap. The fund, which has received strong interest from a diverse group of institutional investors globally, held its first closing in June 2021 and is now closed to external investors.
“We are honored by the continued support from our existing partners as well as new clients who have shown confidence in our team even when due diligence was limited to virtual formats amid international travel restrictions,” said Bernie McNamara, CBRE Investment Management global head of investor solutions. “The strong fundraising momentum of AVP VI underscores the continued n