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Report: PAG's latest Asian real estate fund draws $1B

PAG has garnered about $1 billion so far for a pan-Asia real estate fund, PERE News reported.

The core-plus/value-add fund reportedly would be the firm's largest pan-Asia commingled fundraising effort to date, if it closes at its target of $2 billion.

The Hong Kong-based investment manager declined to comment on the fundraising, according to PERE.