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CLSA’s pan-Asian real estate fund half way to $1bn target

19 Jun 2014

china doorwayChinese alternative asset manager CLSA Capital Partners has pulled in $537m for its third real estate fund through another close, AltAssets has learned.

The firm eventually hopes to raise $1bn for Fudo Capital III fund, a pan-Asian real estate investment fund, according to filings with the Securities Exchange Commission.

A spokesman for the firm confirmed the close, which was achieved through commitments from 12 investors.

The filings also reveal that the fund has paid $1.24m in sales commission to US placement agent Greenhill & Co.

A separate filing shows that six investors helped a feeder fund for the Fudo III raise $180m, which makes up part of the main figure.

The fund is domiciled in the Cayman Islands.

Earlier SEC filings show that Fudo Capital III had secured $385m for the fund by March this year.

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