PACV is the first open-ended Pan-Asian strategy that is focused on stabilised assets and will enhance returns for investors with some exposure to value-add/develop-to-core strategies across Asia Pacific.
ESR Group, the sponsor of SGX-listed ESR-LOGOS REIT (ELOG), together with LOGOS, has announced the anchor close of its new co-branded Pan Asia Core+ Venture (PACV) totalling US$250 million ($358.9 million) in equity commitments.
The initial raising was led by LOGOS on behalf of ESR Group. It includes investments from two leading institutional capital partners, Nordrheinische Ärzteversorgung pension fund (NAEV) from Germany and a large US State pension fund.
