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What's New In Investments, Funds? - Pinnacle Investment, ESR
Editorial Staff
1 June 2018
Pinnacle Investment RJLF2 (Redwood Japan Logistics Fund 2) recently conducted its final closing increasing total discretionary fund commitments to $575 million after an existing LP - German insurance company Allianz - boosted its earlier commitment to a total around $185 million. Other RJLF2 investors include a leading Southeast Asian pension fund which made a US$200 million inaugural fund commitment, State Oil Fund of Azerbaijan (SOFAZ), a fund managed by Aviva Investors, and a German pension fund advised by Mercer, which is already invested with ESR in the predecessor fund RJLF1.
Indonesian firm , a pan-Asia logistics real estate developer, owner and operator, has completed the fund raise of its most recent Japan fund with a total tally of more than its $500 million target, which when combined with closed co-investment vehicles totals $1.2 billion of equity closings for new Japan developments.