PAG Real Estate Funds
SCREP VI is the firm’s seventh opportunistic real estate fund, primarily focused (~65%) on opportunistic property-related investments and distressed debt in Japan as well as selected opportunities in China, Korea, and other selected markets. The fund held a first close in December 2016 with US$1.2 billion in capital commitments.
PREP, the firm’s pan-Asian, core-plus real estate fund, closed in June 2016 with US$1.3 billion in capital commitments. The fund seeks to generate attractive income-driven returns in markets and sectors where PAG has demonstrated its investment and management capabilities – primarily Japan, China, Australia, South Korea and Hong Kong.
SCREP V is a US$1.5 billion opportunistic real estate fund focused primarily on distressed debt, hard assets, platform equity, bridge financing and co-development opportunities primarily in Japan, but also in regional markets such as Australia, Korea and China.
Pacific Alliance China Land is a closed-end fund listed on the AIM market of the London Stock Exchange which invests in a portfolio of existing properties, new developments, distressed projects and pre-IPO and IPO real estate companies in Greater China. In 2015, it was named Morningstar’s number one fund in China Real Estate and in all China Investment Funds, and second in Global Real Estate funds.
PAG Real Estate has always recognized the importance of strong asset management capabilities as the foundation for superior investment management. We have successfully built a highly professional group of in-house asset managers in Japan to manage assets acquired by our funds, and to provide third party asset management services to a highly select group of institutional investors.
With our strong and motivated investment/asset management team, we are highly confident in our ability to continue to generate excellent risk-adjusted investment returns for our investors. We do this by deploying our tested skill base in underwriting, structuring and executing various value enhancement and exit strategies, as well as our strong sourcing network, which has been developed over our 16+ years in the market.
Our core strength is a deep local knowledge and understanding of both property markets as well as capital markets, which allows us to identify the right opportunities at the right time.