Freshfields Guides $393M Redwood Fund Through 1st Closing

Law360, New York (July 6, 2012, 6:37 PM EDT) -- Singapore-based investment fund firm Redwood Group Asia Ltd. has completed the first closing of its China-based logistics fund after receiving a $116.6 million capital contribution from Dutch pension fund manager PGGM, the companies announced Tuesday.

The logistics fund, known as the Redwood China Logistics Fund, has an initial investment target of $392.8 million. Redwood Group plans to invest in distribution, logistics and light manufacturing real estate facilities in select high-growth markets in China, the real estate private equity fund firm said.

Citing a recent report by...
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