Key Takeaways
- • Daiwa Securities Group Inc. plans to launch a real estate fund targeting ¥100 billion ($690 million) via a private fund for domestic and overseas institutional investors.
- • The fund is a three-way collaboration between Daiwa, Osaka-based developer Samty Holdings Co., and fund manager Hillhouse Investment.
- • The launch is positioned to capture investor demand for exposure to Japan's booming property market.
- • Masatsugu Oishi, general manager of asset management strategy at Daiwa, is the source of the fund details.
Summary
Daiwa Securities Group Inc. plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan's booming property market, according to Bloomberg. The Japanese brokerage will collaborate with Osaka-based developer Samty Holdings Co. and fund manager Hillhouse Investment.
According to Masatsugu Oishi, general manager of asset management strategy at Daiwa, the vehicle aims to raise ¥100 billion ($690 million) through a private fund. The fund is directed at both domestic and overseas institutional investors.
The source material does not provide further details on the fund's structure, strategy, target assets, fee arrangements, or timing of the first close. Market participants will likely look to subsequent disclosures for these specifics.
According to Masatsugu Oishi, general manager of asset management strategy at Daiwa, the vehicle aims to raise ¥100 billion ($690 million) through a private fund. The fund is directed at both domestic and overseas institutional investors.
The source material does not provide further details on the fund's structure, strategy, target assets, fee arrangements, or timing of the first close. Market participants will likely look to subsequent disclosures for these specifics.
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