Key Takeaways
- • Phoenix Property Investors, a Hong Kong-based real estate investment firm, is nearing the final close of its Fund VII, according to a report by Jonathan Brasse.
- • For the first time, the firm could raise more capital for its associated sidecar vehicles than for the main Fund VII.
- • The fundraising is categorized under opportunistic real estate strategies in the Asia-Pacific region.
Summary
Phoenix Property Investors is nearing the final closing of its seventh flagship fund, Fund VII, according to a report by Jonathan Brasse. The Hong Kong-based firm, which focuses on opportunistic real estate investing in the Asia-Pacific region, has reached a point in the fundraise where it could collect more capital through associated sidecar vehicles than through the main fund itself. This would mark a first for the manager.
The primary source contains limited detail beyond this headline development, and it does not disclose a final fund size, target, or hard cap. Allocators tracking the fundraise should monitor the final close announcement for these figures and for the investor base and the terms offered on the sidecar vehicles.
The primary source contains limited detail beyond this headline development, and it does not disclose a final fund size, target, or hard cap. Allocators tracking the fundraise should monitor the final close announcement for these figures and for the investor base and the terms offered on the sidecar vehicles.
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