<article>Singapore-based real estate investment management firm <a href="https://www.dealstreetasia.com/stories/blackbird-sunfed-111487/" target="_blank" rel="noopener">SilkRoad Property Partners</a> has reached the first close of its second pan-Asia value-add fund at $377 million, PERE <a href="https://www.perenews.com/silkroad-property-partners-raises-377m/">reported</a>.</article>

Singapore-based real estate investment management firm <a href="https://www.dealstreetasia.com/stories/blackbird-sunfed-111487/" target="_blank" rel="noopener">SilkRoad Property Partners</a> has reached the first close of its second pan-Asia value-add fund at $377 million, PERE <a href="https://www.perenews.com/silkroad-property-partners-raises-377m/">reported</a>.
In June 2016, the firm had achieved the final close of its oversubscribed first real estate fund, SilkRoad Asia Value Partners, at $445.5 million, exceeding the target of $350 million. The fund was launched in August 2014 and achieved its first close in December 2014 with a total amount of $230 million. The investors in the fund included insurance companies, endowments, pension funds and other top-tier institutional investors from Europe, North America and Asia.
An email sent to SilkRoad by DEALSTREETASIA seeking confirmation on the second fund raise did not elicit a response at the time of filing the story.
Founded in 2012 by Peter Wittendorp, Mark Khoo, Nick Kearns and Berend Poppe, SilkRoad specialises in the re-positioning and re-tenanting of properties in Singapore and the East Asian region. The firm’s track record includes over $1.5 billion of investment in commercial property over the last decade, according to its website.
The firm has offices in Singapore and Hong Kong.
Several others, too, have rolled out funds focused on real estate specifically as investors get attracted by rapid economic growth in the region compared with other major markets. Recently, TH Real Estate launched a $2-billion open-ended, core property fund focusing on selected cities across the Asia Pacific.
In August, BPEA Real Estate confirmed the final closing of its second dedicated real estate fund, BPEA Real Estate Fund II, with total capital commitments of $1 billion. The fund was oversubscribed and closed at its hard cap. The same month, Hong Kong-based Baring Private Equity Asia’s real estate arm announced the final closing of a $1 billion Asian real estate fund, its second and biggest to date.
In June, global fund Blackstone Group raised $7.1 billion for what it called its second regional opportunistic real estate fund.
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<a href="https://www.dealstreetasia.com/stories/blackstone-biggest-real-estate-fund-106681/">Blackstone said to seek $18b for biggest real estate fund</a>
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In June 2016, the firm had achieved the final close of its oversubscribed first real estate fund, SilkRoad Asia Value Partners, at $445.5 million, exceeding the target of $350 million.

SilkRoad Property reaches first close of its second Asia fund at $377m

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SilkRoad Property reaches first close of its second Asia fund at $377m

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