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KaiLong holds first close of European fund

by Zoë Wolff

KaiLong Real Estate Investment has held a first close of £24 million ($34 million) for its Outbound Investment Fund II, according to a statement. The fund, with capital raised from Chinese high-net-worth individuals, family offices, trust companies and institutions, has acquired three office properties in London totaling 103,420 square feet. “It is our first step toward setting up a global presence as we will be actively seeking other investment opportunities in offshore markets,” says Hei Ming Cheng, founder, board director and chief executive of KaiLong. Last year, KaiLong raised £14 million ($21 million) for Outbound Investment Fund I and acquired its first London office property. According to the statement, KaiLong currently has £100 million ($142 million) of assets under management in London.     Fund data at your fingertips. Subscribe to the 

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