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Fundraising - MARCH 20, 2017

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PGIM launches Asian core fund

by Jody Barhanovich

PGIM Real Estate has launched a new Asia-focused core real estate fund, PGIM Real Estate Asia Core FCP-RAIF, according to a filing with the SEC. The firm did not comment on its fundraising efforts.

PGIM Real Estate Asia Core FCP-RAIF, which opened in February, invests in core properties throughout Asia Pacific. The fund has raised $80.45 million in equity commitments so far, according to the SEC filing.

PGIM Real Estate has additional Asia Pacific–focused real estate funds, includint the Asia Property Fund III that

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