Hillhouse’s engagement is through its real estate investment arm Rava Partners. Samty has taken a 10% equity stake in the newly launched fund.
Japanese accommodation developer and fund manager Samty Holdings has announced the final close of its US$500 million ($646.56 million) multi-family asset fund, with US$200 million already allocated to a first portfolio of newly built assets around Japan.
The fund was established in strategic partnership with an undisclosed sovereign wealth fund, with support from Samty’s majority owner, Hillhouse Investment Management, as General Partner, according to a Dec 22 announcement.
