Investors - AUGUST 15, 2013

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Phoenix Property Investors raises additional capital for fifth Asian fund

by Sara Kassabian

Hong Kong–based Phoenix Property Investors has raised $475 million on behalf of Phoenix Asia Real Estate Investments V, according to a filing with the Securities and Exchange Commission.

Phoenix Asia Real Estate Investments V launched in April 2012 with a target fundraising goal of $600 million. Based on the filing, $125 million in additional capital must be committed before the firm reaches its capital target.

Phoenix Asia Real Estate Investments V is expected to focus its investments on greater China, according to various news sources. Previous funds focused on investing in Japan, but the fifth fund aims to focus its investments in Hong Kong and Taiwan. Monument Group, a Boston-based firm, is acting as Phoenix’s placement agent for this

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