The $204.9 billion State Board of Administration of Florida has committed $100 million to AEW Value Investors Asia III, managed by AEW Capital Management.
The value-added fund, which was launched in 2016, is seeking to raise a maximum of $750 million and will invest in the major Asian gateway cities of Hong Kong, Seoul, Shanghai, and Taipei, Taiwan. The predecessor fund, AEW Value Investors Asia II, held a final close in 2016, raising $640 million of equity.
