A number of funds with an Asia Pacific investment focus have been active this past quarter, with multiple funds either opening or closing in the third quarter.

Singapore–based Alpha Investment Partners’ second Asia-focused fund, Alpha Asia Macro Trends Fund II, held its final close in July after significantly surpassing its fundraising goal of US$1 billion by raising US$1.65 billion in commitments. The core-plus/value-added fund launched in 2011 and has an unconstrained property focus. Investments will target developed Asian markets including China, Hong Kong, India, Japan, Singapore, South Korea and Taiwan.

Japan Logistics Fund III, sponsored by LaSalle Investment Management, also held its final close this past quarter after raising US$431 million. LaSalle’s first Japan Logistics