Exclusive: CLSA closes third Asia fund at $1b, beats $850m target

Fudo Capital, the real estate investment arm of Hong Kong-based private equity firm, CLSA Capital Partners, has closed its third fund at its hard cap of $1 billion, according to an SEC filing.

The latest vehicle – Fudo Capital III – was launched in early 2014, and had seen its first close in March last year at $385 million, followed by another close in June at around $537 million, and it had neared two-thirds of $1 billion target by November 2014. The final close at $1 billion is higher than its initial target of $850 million for Fudo Capital III.

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