Key Takeaways
- • PAG has completed the final close of its 'SCREP VIII' real estate fund at $4 billion including co-investment capital, according to a company announcement reported by Chosunbiz on February 14, 2025.
- • Per global research firm Preqin, the fund is the largest U.S. dollar-denominated real estate fund raised in the Asia-Pacific region over the past 12 months, and it exceeded its $3.5 billion target.
- • The fund is the 10th in PAG Real Assets' opportunity-seeking SCREP series, with the largest allocation focus on Japan and additional exposure to South Korea, Australia, and New Zealand.
- • Strategy spans data centers, logistics warehouses, offices, dwellings, and distressed bonds, targeting discounted physical assets and distressed debt through development, high-yield short-term financing, and platform equity.
- • Investors include pension funds and sovereign wealth funds from North America, Europe, the Middle East, and Asia-Pacific.
Summary
Alternative investment firm PAG, which focuses on the Asia-Pacific region, announced on February 14 that it has completed the establishment of the SCREP VIII fund, totaling $4 billion including co-investment capital. According to Preqin, the vehicle is the largest U.S. dollar-denominated real estate fund raised in Asia-Pacific over the past 12 months, and it surpassed its $3.5 billion target. Major investors include pension funds and sovereign wealth funds from North America, Europe, the Middle East, and the Asia-Pacific region.
SCREP VIII is the tenth fund in the opportunity-seeking series managed by PAG Real Assets, which has operated in the Asia-Pacific region for 28 years. The fund places its largest investment focus on Japan and concentrates on real estate and bonds in advanced Asian markets including South Korea, Australia, and New Zealand. Planned institutional sectors include data centers, logistics warehouses, offices, dwellings, and distressed bonds.
The SCREP series pursues an opportunistic strategy that targets discounted opportunities in physical assets and distressed bonds. Methods include real estate development, high-yield short-term financing, and platform equity investments.
PAG manages more than $55 billion across private equity, real estate, credit, and market sectors, serving over 300 institutional investors worldwide. The firm employs approximately 790 people across 15 major cities globally.
SCREP VIII is the tenth fund in the opportunity-seeking series managed by PAG Real Assets, which has operated in the Asia-Pacific region for 28 years. The fund places its largest investment focus on Japan and concentrates on real estate and bonds in advanced Asian markets including South Korea, Australia, and New Zealand. Planned institutional sectors include data centers, logistics warehouses, offices, dwellings, and distressed bonds.
The SCREP series pursues an opportunistic strategy that targets discounted opportunities in physical assets and distressed bonds. Methods include real estate development, high-yield short-term financing, and platform equity investments.
PAG manages more than $55 billion across private equity, real estate, credit, and market sectors, serving over 300 institutional investors worldwide. The firm employs approximately 790 people across 15 major cities globally.
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