Key Takeaways
- • Tishman Speyer secured a $75 million commitment from a German pension fund in the second close of its Korea Living Venture (KLV), bringing total fundraising to $395 million.
- • The first close in June 2026 raised $300 million from Dutch institutional investors APG Asset Management and Bouwinvest, establishing the fund's European institutional anchor base.
- • The Korea Living Venture targets South Korea's residential rental housing market, attracting capital from European pension funds seeking exposure to Asia-Pacific real estate opportunities.
- • The second close demonstrates sustained investor appetite for Tishman Speyer's Korea residential strategy, expanding the fund's LP base beyond initial Dutch commitments.
Summary
Tishman Speyer has expanded its Korea Living Venture fund with a $75 million commitment from a German pension fund, marking the vehicle's second close and bringing total capital raised to $395 million. The commitment reflects growing institutional appetite for residential real estate exposure in South Korea's rapidly expanding rental housing market.
The fund's fundraising trajectory illustrates strong European institutional interest in the strategy. The first close in June 2026 secured $300 million from two major Dutch institutional investors: APG Asset Management and Bouwinvest, establishing a solid foundation for the vehicle. The subsequent German pension fund commitment in the second close validates the fund's investment thesis and broadens the investor base across Northern and Central Europe.
Tishman Speyer's Korea Living Venture positions itself within the context of South Korea's evolving residential real estate landscape, where demographic shifts and changing housing preferences are driving growth in rental accommodation. The fund's ability to attract significant commitments from sophisticated European pension allocators underscores the strategy's appeal to long-term institutional capital seeking stable, yield-generating real estate assets in developed Asian markets.
The fund's fundraising trajectory illustrates strong European institutional interest in the strategy. The first close in June 2026 secured $300 million from two major Dutch institutional investors: APG Asset Management and Bouwinvest, establishing a solid foundation for the vehicle. The subsequent German pension fund commitment in the second close validates the fund's investment thesis and broadens the investor base across Northern and Central Europe.
Tishman Speyer's Korea Living Venture positions itself within the context of South Korea's evolving residential real estate landscape, where demographic shifts and changing housing preferences are driving growth in rental accommodation. The fund's ability to attract significant commitments from sophisticated European pension allocators underscores the strategy's appeal to long-term institutional capital seeking stable, yield-generating real estate assets in developed Asian markets.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.