CBRE Global Investors raises $100m so far for Japan-focused fund

A city view in Tokyo, Japan. Photo by Ryo Yoshitake on Unsplash.

Real asset investment management firm CBRE Global Investors has raised $100 million so far for a Japan-focused logistics fund, CBRE Asia Value V Japan Logistics Co-Investment SCSp, its filing with the US Securities and Exchange Commission showed.

The filing did not specify the target and timeline for the private equity co-investment fund but it showed that the $100 million commitment came from a lone investor. The SEC document was signed by CBRE Global Investors compliance officer Daniel Hamm.

The initial close of the co-investment fund a year after the real asset investment management firm made the final close of the main fund, CBRE Asia Value Partners V, at its hard cap of $900 million, which was lower than the $1 billion that its predecessor fund raised in 2017.

Fund V’s close brought CBRE Global Investors’ total assets under management to $11.9 billion in the Asia Pacific across core value-add and opportunistic private real estate, listed real assets, and infrastructure, through funds and separate accounts.

The firm has been actively investing in the Asia Pacific region since 1995.

CBRE’s Asia Value Partners strategy invests in build- or reposition-to-core opportunities focused primarily on the developed markets of Asia Pacific, with an overweight to the logistic sector.

“Our focus is the logistics sector, which we believe is supported by structural factors driving tenant and investment demand globally, from which Asia Pacific is a primary beneficiary,” the company says on its website.

It also selectively pursues investment in sectors supported by positive structural trends and opportunities offering compelling returns.

In Japan, the firm has become an active player in the logistics and industrial sector following its $981-million acquisition of a logistics portfolio comprising 169 properties in 2016. CBRE sold the portfolio, collectively named Mitsubishi Fuso Portfolio, for $1.3 billion in 2020.

It has so far invested over $2 billion in acquiring and developing over 1.2 million square meters of logistics space in the country.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.