- November 1, 2021: Vol. 13, Number 10

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CBRE Investment Management raises US$1.74b for sixth Pan-Asia value-add fund

by Andrea Zander

CBRE Investment Management has received total capital commitments of US$1.74 billion (including firm co-investments) from 13 institutional investors from EMEA, the Americas and Asia Pacific for CBRE Asia Value Partners VI (AVP VI).

The fundraise exceeds the initial target for the fund of US$1.2 billion and, together with additional firm co-investments expected to be finalised shortly, represents the fund’s hard cap. The fund, which has received strong interest from a diverse group of institutional investors globally, held its first closing in June 2021 and is now closed to external investors.

Similar to its predecessor funds, AVP VI will pursue build- and reposition-to-core opportunities within the most developed and liquid markets of Asia Pacific. Logistics investments will continue to be the central focus of the fund’s strategy, with at least 80 percent of equity commitments to be deployed towards the sector. The fund may also invest selectively in other sectors

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