Japan’s Government Pension Investment Fund, the world’s largest public pension investor, has committed ¥10 billion ($63 million) to Hong Kong–based Phoenix Property Investors for real estate investments in Japan, according to Mingtiandi.
The capital has been allocated to Phoenix Asia Real Estate Investments VII Japan, a Japan-specific limited partnership tied to the manager’s flagship opportunistic real estate strategy, according to a March disclosure.
The commitment adds Phoenix to a small group of overseas managers selected by GPIF for Japan-focused real estate mandates. The pension fund awarded similar mandates last year to BGO and Mo
