PAG Real Estate Arm Closes $1.5B Asia Investment Fund

Law360, New York (November 15, 2013, 2:17 PM EST) -- PAG real estate arm Secured Capital closed its Secured Capital Real Estate Partners V fund with about $1.5 billion in capital commitments, exceeding a $1 billion target, it announced Friday.

The fund will focus on investments in distressed real estate and debt opportunities in Japan while keeping an eye out for other opportunities leveraged by its pan-Asian team, J-P Toppino, Secured Capital's president and chief investment officer, said in a statement.

“We believe that the Japanese debt market provides some of the best risk adjusted returns...
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