trending Market Intelligence /marketintelligence/en/news-insights/trending/JzplvevUBDxu44CQ9WjOaA2 content esgSubNav
In This List

Report: PAG poised to exceed US$2B target for pan-Asia real estate fund

Blog

The evolving world of central bank digital currencies

Blog

Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

Blog

Expand Your Perspective Uncover Insights on Key Markets with Differentiated Data

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Report: PAG poised to exceed US$2B target for pan-Asia real estate fund

PAG is set to surpass the US$2 billion fundraising target for its latest Asia-focused core-plus/value-add commingled real estate fund at final close, PERE News reported.

The Hong Kong-based investment manager aims to hit the US$2.25 billion hard cap for the PAG Real Estate Partners II fund in July or August, the news outlet added.

The vehicle, which reportedly is on track to become PAG's largest pan-Asia commingled fund across different strategies, has so far invested approximately US$650 million, PERE reported, citing an unnamed source.

PAG Real Estate Partners II will mainly focus on office assets across Asia, while also targeting multifamily properties in Japan, the unnamed sources told the news outlet. The fund is also working on at least two office transactions in Auckland's central business district.

PAG declined to comment on the matter, according to PERE.