CBRE Investment Management has closed its seventh Asia-Pacific value-add real estate fund, Asia Value Partners VII, raising $2.12 billion in total equity. This largest fundraise in the AVP series series exceeds its $1.5 billion target, surpassing the $1.74 billion raised by AVP VI in 2021. The fund secured commitments from 15 limited partners globally, including The State Pension Fund of Finland, LACERA, and New Zealand Superannuation Fund. At least 80 percent of equity will target logistics assets, reflecting a strategic pivot towards acquiring existing facilities rather than development projects to meet returns.

The fund now has $5 billion purchasing power over a 36-month investment period, deploying across developed Asia-Pacific markets like Japan, Korea, Australia, and Singapore.