BPE Asia Real Estate (BPE Asia), an affiliate of Hong Kong-based Baring Private Equity Asia has closed the BPE Asia Real Estate Fund with $365 million in commitments.
Present and active in the Asia Pacific (APAC) markets since 1997, Baring Asia has more than $9 billion under management in committed capital. It has over 110 employees, with a presence in Hong Kong, Shanghai, Beijing, Mumbai, Singapore, Jakarta and Tokyo.
Baring Asia entered the real estate segment in 2011, with Mark Bradley Fogle as managing director and head of real estate, leading a team of experienced investment professionals. The Asia Real Estate Fund will pursue a pan-Asian investment strategy, identifying equity and structured debt investments across real estate sectors.
According to official statements, they are “…targeting opportunities where there is a dislocation between pricing and underlying asset values and where value creation initiatives are a driver of returns.”
Jean Eric Salata, founding partner and CEO of Baring Asia, described as one of the most influential people in the Asian private equity space, stated, “What we are hearing from more and more of our investors is that they want to concentrate their relationships with fewer managers who can do more for them across multiple alternative investment asset classes. The Asian real estate private equity market is still underdeveloped in my view, and there is no reason why this business should not be substantially larger than traditional corporate private equity eventually.”
Fogle shared that “The real estate team is fortunate to have the resources and backing of Baring Asia. As a platform with over 110 employees and seven offices in Asia, the firm provides us with unparalleled reach and operational support to execute our investment strategy. We also benefit from operating as an integrated team working seamlessly alongside the private equity business.”