Real estate-focused Pamfleet raises more than $200m after second close for debut commingled fund
Asian private equity real estate firm Pamfleet Group has reportedly closed its second round of fundraising for its debut commingled fund with more than $200m.
Pamfleet has been fundraising nearly five years, launching the commingled fund at the end of 2009 and holding a first closing of $126m in 2010, according to PERE.
A cash injection of $81m in the second round brings the total up to just over $207m which is some way from the Hong Kong-based PE firm’s $350m target.
A final close expected in September this year.
The fund now has commitments from seven LPs including pension funds, insurance companies and fund of funds.
Pamfleet focuses on residential and commercial properties in Hong Kong. The firm buys property where value can be added and held for long term investment.
Since the firm launched in 2000 Pamfleet said it has sourced and managed more than 3.8 million square feet of properties with investments worth more than $1bn.
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