Christie Ou
One such group is CapitaLand, which is seeking to double its AUM in the country over the next three years and accelerate its growth further.
The investor’s managing director for private market investment has served as acting head of real estate since April 2023.
The real estate veteran has spent just over a year at Hong Kong's Link REIT, having previously served as Asia CIO for Manulife IM Real Estate.
The US firm's Asia team has grown more than threefold since 2020.
PERE’s latest investor report prompts the notion that more investors should be dialing up their exposure to the asset class while the market resets.
Average allocations rose across institution types during the first-half, and not just because of the denominator effect.
The investor expects to shift its international exposure from 30% of its property portfolio currently to 50% over the long term.
As the firm sees an 'exciting' opportunity to diversify geographically, CLI also looks to build a pan-Asia credit platform.
The investor added at least 23 new funds in 2022, including GLP Europe Income Partners III and Invesco US Real Estate Fund VI.
The Singapore-based firm has expanded into third-party management in infrastructure, with more fundraises planned for later this year.