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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