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The fourth in PGIM Real Estate’s series of Asia Pacific value-add funds, AVP IV, has raised US$970 million, and is in advanced discussions for additional commitments that would take the capital raise to over US$1 billion.
The capital raise far exceeds its original target as investors see a significant opportunity in the region’s recovery from the COVID-19 pandemic. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.4 trillion global investment management business of Prudential Financial, Inc.
Read the full press release now at the link below
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