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CBRE Investors' Asia-Pacific fund raises $269 mln
July 1, 2010 / 9:06 AM / 7 years ago

CBRE Investors' Asia-Pacific fund raises $269 mln

* Asia Alpha Plus Fund gets commitments from 10 institutions

* 40 pct of fund’s capital committed

LONDON, July 1 (Reuters) - Property investment management company CB Richard Ellis Investors (CBG.N) said its fund of funds CBRE Asia Alpha Plus Fund (AAP) had raised $269 million at final close, with commitments from 10 institutional investors.

AAP invests mostly in specialist funds with pre-identified asset portfolios in the Asia-Pacific region.

Forty percent of AAP’s capital had already been committed to five underlying investments, said CBRE Investors, adding its Global Multi Manager (GMM) division will manage the fund with its Asia-Pacific team.

The 10 institutional investors were from the UK, Ireland, Finland and the Netherlands, CBRE Investors said.

Including AAP, GMM’s client mandates in first-half 2010 totaled $1.1 billion. CBRE Investors is a unit of New York-quoted property consultant CB Richard Ellis. (Reporting by Andrew Macdonald; Editing by David Holmes)

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