Angelo Gordon raises USD1.3bn for Asia real estate fund

Angelo, Gordon & Co, an alternative investment firm focused on credit and real estate investing, has raised USD1.3 billion in equity commitments for its most recent Asia real estate fund, AG Asia Realty Fund IV, exceeding the Fund’s USD1 billion target.

Consistent with Angelo Gordon’s approach to real estate investing in the region, the Fund will seek to identify and capitalise on value-add turnaround and development opportunities across major markets in Asia, with a strong emphasis on Japan, China, South Korea, and Hong Kong. The Fund will aim to purchase sub-performing assets, which often require significant renovation, repositioning, and lease-up to stabilise, or pursue select development opportunities.
The fund received strong backing from existing Angelo Gordon investors and welcomed a number of new global institutional investors.
“We are thankful for our new and returning investors’ confidence in our strategy and approach, which have remained consistent and contributed to the solid growth of our platform over the past 13 years. Their robust support speaks to the talent of our seasoned team,” says Head of Asia Real Estate Wilson Leung. “We continue to see a wealth of compelling investment opportunities in Asia, and the depth of our experience and strength of our network of local operating partners make us well-positioned to capitalise on those opportunities, improve asset performance, and drive value for our investors.”

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