June 13, 2018
Boston-based AEW completed the final close of its third Asia Pacific value-added fund, AEW Value Investors Asia III (VIA III), with commitments totaling $1.12 billion, inclusive of client co-investment capital. The capital raised for the fund exceeded the global institutional real estate investment manager’s $750 million fundraising target.
Commitments came from a diverse group of public and private pension funds and insurance companies based in the U.S. and Europe. AEW says that 100% of the institutional investors in its predecessor fund, AEW Value Investors Asia II, made capital commitments to VIA III.
VIA III is set to continue AEW’s focus on the acquisition of assets in key gateway cities across the Asia Pacific region, principally Hong Kong, Singapore, Seoul, Shanghai and Sydney, as well as Beijing and Melbourne.
For comments, questions or concerns, please contact Dennis Kaiser