{"id":1004351600,"date":"2019-09-12T02:23:18","date_gmt":"2019-09-12T10:23:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004351600"},"modified":"2019-10-27T23:06:41","modified_gmt":"2019-10-28T07:06:41","slug":"angelo-gordon-raises-1-3b-for-asia-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/angelo-gordon-raises-1-3b-for-asia-fund\/","title":{"rendered":"Angelo Gordon Raises $1.3B for Asia Fund"},"content":{"rendered":"
\"\"<\/a>

Osaka, Japan. Image courtesy of Zairon via Wikipedia<\/i><\/p><\/div>\n

Alternative investment giant Angelo, Gordon & Co. has raised $1.3 billion in equity commitments for its latest Asia real estate fund, exceeding the vehicle\u2019s original target of $1 billion. The fund, which draws on support from existing Angelo Gordon investors as well as new global institutional backers, will focus on value-add turnaround and development opportunities in East Asia.<\/p>\n

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READ ALSO:<\/strong> Ares Management Closes European Fund at $2B<\/a><\/p>\n

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Angelo Gordon filed for AG Asia Realty Fund IV with the U.S. Securities and Exchange Commission last September. The company announced the fundraising milestone, which was initially reported by PERE<\/em>. Commercial Property Executive<\/em> has independently confirmed that $1.3 billion is the fund\u2019s hard cap.<\/p>\n

The New York-based firm, which manages $34 billion in assets, said that the fund will invest across major markets in Asia, with a strong emphasis on Japan, South Korea, mainland China and Hong Kong. The strategy will aim to purchase underperforming assets needing significant renovation, repositioning and lease-up or select development opportunities.<\/p>\n

According to PERE<\/em>, backers of the vehicle include the Minnesota State Board of Investment and Los Angeles County Employees\u2019 Retirement Association, with each committing $100 million, as well as the Sacramento County Employees\u2019 Retirement System and Seattle City Employees Retirement System.<\/p>\n

A history in Asia<\/h2>\n

Angelo Gordon is one of the most active U.S.-based investors in Asia, having already committed more than $2.5 billion of equity in 83 real estate deals across the region since 2005. Major deals include the purchase of more than $500 million of logistics properties in Greater Tokyo and Osaka, Japan, spanning more than 2.7 million square feet.<\/p>\n

The firm has also acquired a 600,000-square-foot office property in Beijing in a sale-leaseback deal and sold two residential land sites in central Seoul, South Korea for about $300 million. Angelo Gordon has reportedly completed eight deals through the latest Asia fund.<\/p>\n

The vehicle\u2019s predecessor fund, AG Asia Realty Fund III<\/a>, closed in 2016 at roughly $850 million. In May of this year, Angelo Gordon held the final closing for its latest U.S. real estate-focused fund, AG Realty Value Fund X, at $2.8 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

The alternative investment firm will target value-add and development opportunities primarily in Japan, South Korea, Hong Kong and mainland China.<\/p>\n","protected":false},"author":744,"featured_media":1004351789,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,16,21783,21742],"tags":[36132,34682],"class_list":["post-1004351600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-international","category-investment","category-latest","tag-angelo-gordon-and-company","tag-u-s-securities-and-exchange-commission"],"acf":[],"yoast_head":"\nAngelo Gordon Raises $1.3B for Asia Fund - 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\/angelo-gordon-raises-1-3b-for-asia-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Angelo Gordon Raises $1.3B for Asia Fund\" \/>\n<meta property=\"og:description\" content=\"The alternative investment firm will target value-add and development opportunities primarily in Japan, South Korea, Hong Kong and mainland China.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/angelo-gordon-raises-1-3b-for-asia-fund\/\" \/>\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=\"2019-09-12T10:23:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-28T07:06:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Osaka-Japan-skyline.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Greg Isaacson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/angelo-gordon-raises-1-3b-for-asia-fund\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/angelo-gordon-raises-1-3b-for-asia-fund\/\",\"name\":\"Angelo Gordon Raises $1.3B for Asia Fund - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/angelo-gordon-raises-1-3b-for-asia-fund\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/angelo-gordon-raises-1-3b-for-asia-fund\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Osaka-Japan-skyline.jpg\",\"datePublished\":\"2019-09-12T10:23:18+00:00\",\"dateModified\":\"2019-10-28T07:06:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1a92010198045e41b0b801129a41b3d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/angelo-gordon-raises-1-3b-for-asia-fund\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/angelo-gordon-raises-1-3b-for-asia-fund\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/angelo-gordon-raises-1-3b-for-asia-fund\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Osaka-Japan-skyline.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Osaka-Japan-skyline.jpg\",\"width\":800,\"height\":620,\"caption\":\"Osaka, Japan. 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