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Aetos Closes $2B Japan Fund

TOKYO-Working through its local office, New York-based Aetos Capital will use $2.2 billion of investor equity to acquire $10 billion of real estate in Japan over the next couple of years.

By Brian K. Miller | Updated on November 08, 2005

TOKYO- New York-based investment management firm Aetos Capital LLC has raised $2.2 billion of investor equity that its local office here will leverage into $10 billion of real estate assets in Japan over the next three years. The equity was committed to Aetos Capital Asia II by a variety of investors, including public pension funds, corporate pension funds, endowments, foundations and high net worth clients.

Aetos Capital Asia, its first Japan fund, invested $740 million of equity in $3.5 billion worth of real estate. It acquired more than 500 mostly (80%) office and residential properties in 23 separate investments between mid-2002 and November 2005.

The first fund’s largest investment was the acquisition of Matsushita Investment and Development Corp., which was the real estate affiliate of the Matsushita Electric Industrial Co., the maker of Panasonic brand electronics.

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