PAG has held a final close for its SCREP VIII fund with $4 billion in total capital commitments, including co-investment capital. It marks the largest U.S. dollar-denominated real estate fundraising dedicated to Asia Pacific for the past 12 months, according to the release.
The fund attracted a high portion of repeat investors in addition to significant interest from new investors with the main fund exceeding its $3.5 billion target. Investors of the fund are primarily pensions and sovereign wealth funds from North America, Europe, the Middle East and Asia Pacific.
SCREP VIII is the 10th fund in the opportunistic fund series managed by PAG Real Assets, which has a track record of 28 years investing in Asia Pacific. The fund focuses on property and debt investments across developed Asia markets with its largest investment presence in Japan. The fund plans t
