AEW Capital Management Raises $1.12 Billion for New Fund Focused on Asia Real Estate

July 30, 2018

New York -- Paul Hastings LLP, a leading global law firm, represented AEW Value Investors Asia III and its sponsor AEW Capital Management in the formation of a new private investment fund focused on value-add real estate investment opportunities in Asia.

The fund raised total commitments including client co-investment capital of $1.12 billion, which exceeded the target capital raise of $750 million.

Capital commitments were secured from a diverse institutional investor base including, among others, public and private pension funds and insurance companies based in both the United States and Europe. Parallel fund vehicles were formed in Jersey and Luxembourg to help facilitate capital commitments from investors in varying jurisdictions.

asia_buildings_movement_speed_light_night_street_blur_96dpi_042018

AEW Value Investors Asia III is focused on real estate investment opportunities in Asia.

Paul Hastings also represented the fund in establishing a subscription line credit facility.

Private Investment Funds partner Joshua Sternoff and associate Max Rosenberg led the Paul Hastings team, with assistance from Tax partner Andrew Short, Corporate partner Neil Torpey, and tax associate Josh Milgrom. Corporate partner Thomas Rao led the efforts in establishing the subscription line credit facility.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.