Angelo Gordon Closes $1.3B Asia Real Estate Fund

Beijing’s financial district. Photo by Shutterstock.

NEW YORK CITY—Angelo, Gordon & Co., L.P., a credit and real estate investment firm valued at $34 billion, has closed AG Asia Realty Fund IV with $1.3 billion in equity commitments. The fund will focus on value-add and development opportunities in major Asian markets, acquiring assets for repositioning, lease-up for stabilization and select sites for development. Japan, China, South Korea and Hong Kong are at the top of its list.

Angelo, Gordon views Asia as a wellspring for investment opportunities. The company has committed over $2.5 billion of equity in 83 real estate transactions in Asia beginning in 2005. To further build upon its success in the market, it’s maintaining relationships with a network of local operating partners to identify properties that could improve in asset performance, and drive investor value.