GreenOak Asia III, an opportunistic debt fund managed by GreenOak Real Estate, has collected $697.1 million from 27 investors to date, according to the firm’s latest filing with the SEC.
Launched in April 2019, the third fund in the series is looking to invest in opportunistic real estate debt, mortgages and distressed properties in Hong Kong, India, Japan, Singapore and South Korea.
A month after hitting the market, the fund had collected $158 million.
The fundraising target was not disclosed in the filing. The fund’s immediate predecessor, GreenOak Asia II, held a $650 million final close in 2016.
