US investment firm Angelo Gordon raises $1.3b for Asia real estate fund

New York-based alternative investment Angelo, Gordon & Co (Angelo Gordon) announced that it has raised $1.3 billion in equity commitments for its latest Asia real estate fund, AG Asia Realty Fund IV.

In a statement, Angelo Gordon said the fund exceeded its target of $1 billion, with strong backing from existing investors and new global institutional investors. AG Asia Realty Fund IV also exceeded its predecessor fund, which raised $850 million in capital commitments in December 2016.

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