AEW Value Investors Asia III’s $1.2 Billion Fundraising

Paul Hastings LLP, a leading global law firm, represented AEW Value Investors Asia III and its sponsor AEW Capital Management in the formation of a new private investment fund focused on value-add real estate investment opportunities in Asia.

Paul Hastings also represented the fund in establishing a subscription line credit facility.

Private Investment Funds partner Joshua Sternoff (Picture) and associate Max Rosenberg led the Paul Hastings team, with assistance from Tax partner Andrew Short, Corporate partner Neil Torpey, and tax associate Josh Milgrom. Corporate partner Thomas Rao led the efforts in establishing the subscription line credit facilit

The fund raised total commitments including client co-investment capital of $1.12 billion, which exceeded the target capital raise of $750 million.

Capital commitments were secured from a diverse institutional investor base including, among others, public and private pension funds and insurance companies based in both the United States and Europe. Parallel fund vehicles were formed in Jersey and Luxembourg to help facilitate capital commitments from investors in varying jurisdictions.

Paul Hastings also represented the fund in establishing a subscription line credit facility.

Private Investment Funds partner Joshua Sternoff (Picture) and associate Max Rosenberg led the Paul Hastings team, with assistance from Tax partner Andrew Short, Corporate partner Neil Torpey, and tax associate Josh Milgrom. Corporate partner Thomas Rao led the efforts in establishing the subscription line credit facility.

 

Involved fees earner: Joshua Sternoff – Paul Hastings; Max Rosenberg – Paul Hastings; Neil Torpey – Paul Hastings; Thomas Rao – Paul Hastings; Andrew Short – Paul Hastings; Joshua Milgrom – Paul Hastings;

Law Firms: Paul Hastings;

Clients: AEW Capital Management LP;

 

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Author: Ambrogio Visconti