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Asia Pacific Fund Tops Out at $1.3B

HONG KONG-Citigroup Property Investors' CPI Capital Partners Asia Pacific LP ends fundraising with $1.29 billion having been taken in. Approximately 40% of the total has been committed.

By Brian K. Miller | Updated on February 21, 2007

HONG KONG-Investment manager Citigroup Property Investors has shut the window on fundraising for CPI Capital Partners Asia Pacific LP having taken in $1.29 billion. The Hong Kong-based fund invests in real estate and real estate-related assets throughout the Asia Pacific region, with a primary focus on India and China.

About 40% of the fund’s capital has been invested or committed. CPI representatives did not respond to request for information on the fund, such as its lifespan, its focus, the expected IRR for investors and the assets currently in the fund.

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