Angelo, Gordon Closes $850M Asia Realty Fund III
By
Wilson Leung, managing director & head of Angelo, Gordon’s Asian real estate
New York—Angelo, Gordon & Co. has announced the closing of its AG Asia Realty Fund III, with total capital commitments of $850 million, exceeding the original target amount of $750 million.
“We are grateful for the strong support we received from new and existing limited partners to close our third fund,” said Wilson Leung, managing director & head of Asian real estate at Angelo, Gordon, in prepared remarks. “We continue to see highly compelling real estate investment opportunities in Japan, Korea and Greater China and believe our deep, longstanding relationships with our local operating partners positions us well to generate attractive returns.”
The fund will seek to capitalize on value-add turnaround and development with an emphasis on China, Hong Kong, South Korea and Japan, by purchasing sub-performing assets which often require significant repositioning, lease-up or development to stabilize…
