PAG Real Estate Partners III captures $270m of commitments

PAG Real Estate has secured $270 million for its PAG Real Estate Partners III fund, according to a Jan. 10 filing with the SEC. An equity fundraising target could not be determined at the time of publication.

PAG Real Estate Partners III is an opportunistic fund based in Hong Kong. The fund will invest in various properties in Japan, China and throughout Asia Pacific.

The previous fund in the series, PAG Real Estate Partners II, closed with a final $2.25 billion in 2019.

PAG Real Estate has invested $32 billion in more than 7,000 properties across Asia since its inception, according to the firm’s website.