{"id":1004102027,"date":"2014-08-11T09:18:20","date_gmt":"2014-08-11T17:18:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004102027"},"modified":"2022-11-23T20:33:34","modified_gmt":"2022-11-24T04:33:34","slug":"cbre-gmm-closes-asia-with-236m-in-commitments","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cbre-gmm-closes-asia-with-236m-in-commitments\/","title":{"rendered":"CBRE GMM Closes Asia with $236M in Commitments"},"content":{"rendered":"
\"Adrian<\/a>

Adrian Baker<\/p><\/div>\n

By Barbra Murray, Contributing Editor<\/p>\n

CBRE Global Multi Manager has completed the final close of the Asia Alpha Plus III Fund, a closed-end investment vehicle targeting private equity real estate in the Asia-Pacific region, having raised $236 million. Leveraged, the fund will allow for $500 million in investments.<\/p>\n

Investors in AAPIII, which launched in 2013, comprise a very specific group: government and corporate pension funds. \u201c(Investors were attracted to) previous fund performance and track record, the significant pre-specified portfolio, the market opportunity across Asia-Pacific and the fund’s focus on JVs and co-investments,\u201d Adrian Baker, AAPIII fund manager, told Commercial Property Executive<\/i>. In addition to JVs and co-investments, AAPIII will target club deals, relying on CBRE\u2019s strong presence in and knowledge of the Asia-Pacific region to facilitate all investments.<\/p>\n

The inaugural AAP Fund launched in 2009. Five years later, CBRE feels the timing is still right for tapping into the market.\u00a0 \u201cWe continue to see opportunities in the Asia-Pacific region, and AAPIII will focus on investments that have a high proportion of pre-specified assets and those with a high proportion of the return coming from income,\u201d Baker noted in a prepared statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

CBRE Global Multi Manager has completed the final close of the Asia Alpha Plus III Fund.<\/p>\n","protected":false},"author":755,"featured_media":1004102030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,16,21783,21742],"tags":[],"class_list":["post-1004102027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-international","category-investment","category-latest"],"acf":[],"yoast_head":"\nCBRE GMM Closes Asia with $236M in Commitments - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cbre-gmm-closes-asia-with-236m-in-commitments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBRE GMM Closes Asia with $236M in Commitments\" \/>\n<meta property=\"og:description\" content=\"CBRE Global Multi Manager has completed the final close of the Asia Alpha Plus III Fund.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cbre-gmm-closes-asia-with-236m-in-commitments\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-08-11T17:18:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-24T04:33:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/Adrian-Baker-CBRE-Global-Multi-Manager.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"130\" \/>\n\t<meta property=\"og:image:height\" content=\"140\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Suzann D. 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