Key Takeaways
- • PGIM is nearing the close of its Asia Fund V, which would be the firm's largest Asia-focused vehicle to date, according to PERE.
- • Regional head David Fassbender argues that Asia-Pacific offers 'true diversification' for investors.
- • PGIM is considering single-country strategies alongside its pan-Asia fund, per the report.
- • The fund's strategy spans debt, opportunistic and value-add private real estate in the region.
Summary
According to PERE, US asset manager PGIM is nearing the final close of its Asia Fund V, which the firm is set to raise as its largest Asia-focused vehicle to date. The report notes the fund targets a mix of debt, opportunistic and value-add private real estate strategies across the Asia-Pacific region.
David Fassbender, PGIM's regional head, is quoted in the article arguing that Asia-Pacific provides 'true diversification' for investors, positioning the region as a differentiated allocation relative to more established markets.
PERE also reports that PGIM is considering single-country strategies in addition to its multi-country Asia vehicle. The article does not provide a final fundraising figure or hard close date in the available text, and details beyond the publisher's summary are limited to subscribers.
David Fassbender, PGIM's regional head, is quoted in the article arguing that Asia-Pacific provides 'true diversification' for investors, positioning the region as a differentiated allocation relative to more established markets.
PERE also reports that PGIM is considering single-country strategies in addition to its multi-country Asia vehicle. The article does not provide a final fundraising figure or hard close date in the available text, and details beyond the publisher's summary are limited to subscribers.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.