Investors - APRIL 30, 2018

Florida commits $100m to Asian fund

by Andrea Zander

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.

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