PAG Asia, an alternative investment management firm, has launched its second real estate fund in the pan-Asian series, PAG Real Estate Partners II, according to a filing with the SEC. The firm did not comment on its fundraising efforts.
PAG Real Estate Partners II is a core-plus real estate fund that will invest in properties in Japan, China and throughout Asia Pacific.
The first fund in the series, PAG Real Estate Partners, held a $1.3 billion final close in 2016.
Since 2002, PAG has invested more than $30 billion in markets across Asia.
