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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Sparx to start Japan property fund on sovereign-fund mandate

Posted on 27 September 2012

Shuhei AbeSparx Group Co., a Japanese asset management company, will start a fund that will invest in the nation’s residential properties after receiving money from a sovereign wealth fund in the Middle East.
Sparx will start the fund with AD Investment Management Co., which manages a real estate investment trust, on Sept. 28 with initial capital of about 9 billion yen ($116 million), said Sparx Chief Executive Officer Shuhei Abe. The fund, which will last for five years, has a maximum capacity of 40 billion yen and will invest in six apartment developments in Tokyo and Nagoya, he said………………………………………..Full Article: Source


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