SRSG Announces Initial Closing of APRIL1 Real Estate Fund, Targeting Strong Returns in Asia Pacific (ex-Japan) Region
Singapore, 27 October 2023 – SRSG is pleased to announce the successful initial closing of its first real estate fund, Asia Pacific Real Estate Industrial & Logistics I (“APRIL1”). APRIL1 represents a strategic investment initiative designed to capture the evolving dynamics of the Asia Pacific (excluding Japan) real estate market. The fund aims to achieve a net 15% IRR on a total Assets Under Management (AUM) of USD 300 million.
This landmark achievement, an inaugural instalment in a series of funds, underscores SRSG's commitment to adapting to evolving market dynamics and reflects the commitment of our diverse group of investors, including family offices, private equity and pension funds. The initial capital raised will be deployed into two logistics facilities, both featuring pre-committed tenancies, maximizing the potential for value creation. APRIL1 is positioned to harness industrial and logistics opportunities across the Asia Pacific (ex-Japan) region, in particular Indonesia, Singapore, South Korea, Thailand, and Vietnam.
Khriztopher Phay, President of SRSG, emphasized, “This achievement is a testament to SRSG and its partners' dedication to adapting to changing market conditions and the strong support of our investors for APRIL1’s mandate. Leveraging our team’s expertise and insights, we look forward to creating long-term value for our investors.”
To proactively respond to shifting macroeconomic dynamics, SRSG has strategically adapted the composition of its managed fund portfolio. This involved a deliberate pivot away from saturated markets like Japan while concentrating on sectors such as industrial, logistics, food, medical and multi-family. APRIL1’s fundraise coincides with a noteworthy trend: Asia's ascendance as a beacon of opportunity within the global markets. Concurrently, market-agonistic sectors like logistics, food and medical are grappling with imbalances in supply and demand. SRSG aims to empower investors with access to robust private equity real estate prospects, providing a valuable hedge against the inherent volatility of the economy and the formidable challenges facing secondary markets.
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领英推荐
Xuri LIU Xinyue
SRSG Pte Ltd
Disclaimer:
This press release serves as an announcement and information dissemination regarding the initial closing of "Asia Pacific Real Estate Industrial & Logistics I (APRIL1)," which is domiciled in the British Virgin Islands (BVI). It is essential to note that APRIL1 is not based or marketed in Singapore and does not solicit any funds through this press release. Prospective investors are strongly encouraged to seek professional advisory services and conduct due diligence before making any investment commitments relating to APRIL1 or any other investment vehicle associated with SRSG. Please be aware that all investment decisions carry inherent risks, and it is crucial to make informed decisions based on individual financial circumstances and objectives.