Real Estate
What's New In Investments, Funds? – Samty, Hillhouse
The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.
Samty Holdings, Hillhouse
Japanese real estate and fund management group Samty Holdings, has
announced the final closing of its new multifamily asset fund,
totaling about $500 million.
Some $200 million has already allocated to a first portfolio of newly built assets located in key residential hubs around Japan, Samty said in a statement yesterday.
The fund was established in strategic partnership with a sovereign wealth fund, with support from Samty’s majority owner, Hillhouse Investment Management, as general partner. Hillhouse’s engagement is through its real estate investment arm, Rava Partners.
Samty, which was privatised in January this year, has a 10 per cent equity stake in the new fund.
The origins of Samty go back to the founding of Samty Co in 1982.
Hillhouse, meanwhile, was established in 2005 and its first office was in Singapore. It now operates in 18 countries from offices in New York, Tokyo, London, Mumbai, Hong Kong, Amsterdam, Sydney, Shanghai and Beijing.