| ARA Asset Management Limited, a manager of real estate investment trusts and real estate funds, announced yesterday that it had just raised US$325 million in capital commitments for its private real estate funds division. The company had managed to raise the capital through a new platform which has a “premier Asian-based sovereign wealth fund [SWF]” as its anchor investor.
What might the success of the fund-raising activity showcase about ARA Asset Management’s business? ARA Asset Management’s latest platform is designed to be a closed-end fund with an initial term of 10 years which may be extended. The fund will be investing in properties across Asia, including territories like China, Hong Kong, Singapore, Japan, and even Australia...............................................Full Article: Source
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