Fund Anchored by Townsend Group, Leading Pension Fund and Asia Family Offices
HONG KONG, July 9, 2025 /PRNewswire/ -- Avatar Capital Partners ("ACP"), an Asia-based asset management platform, today announced the final close of its inaugural real estate fund, ACP Real Estate Fund I (the "Fund") at JPY 15.2 billion (USD105 million). This Tokyo living sector focused fund has attracted significant interest, achieving an oversubscribed final close within just one year of its launch.
Townsend Group ("Townsend"), a leading advisor and partner to institutional investors globally, has made a strategic investment in the company. The Fund's final close is supported by Townsend, alongside one of the largest pension funds globally, as well as top-tier family offices and foundations throughout Asia.
The Fund will capitalize on off-market investment opportunities in Japan's thriving living sector, with a specific focus on acquiring high-quality multifamily assets in prime Tokyo locations. This strategy leverages strong underlying fundamentals, including urban population growth, robust rental demand, and accelerating rental growth.
"We are pleased to announce the successful close of our inaugural fund, surpassing our target despite a challenging fundraising environment," said Ryuta Ueda, Founding Partner of ACP. "We are also thrilled to welcome Townsend as our strategic partner. Their profound capital markets expertise and global institutional perspective provide invaluable access to both financial and intellectual capital, significantly accelerating ACP's growth trajectory." Ueda continued, "With Asia's living sector expanding rapidly, we see strong demand for innovative housing solutions. The Fund has already acquired five premium multifamily properties in Central Tokyo and has a deep pipeline of interesting opportunities including near-term acquisition of five additional assets. We will continue to partner with leading local Japanese conglomerates to address the evolving needs of future living."
Angel Li, Founding Partner of ACP, commented, "The global real estate sector is transitioning into a phase of recovery and expansion, with the Asia-Pacific region offering compelling opportunities. Japan stands out due to its attractive financing conditions and inflation-driven growth potential. Characterized by favorable demographic tailwinds and sustained rental demand, Tokyo's living sector offers a compelling investment landscape."
With the team co-led by Ryuta Ueda and Ronald Chiu, Founding Partner of ACP, and supported by a robust network of seasoned operating partners, the Fund is well-positioned to thrive in this competitive market and generate exceptional value to our investors.
"As the advisor to a consortium of global investors – including some of the largest sovereign and pension plans pursuing strategic stakes in leading investment and operating platforms, we are delighted to partner with ACP. We have strong conviction in ACP team's strategy and the significant potential of Japan's dynamic living sector." said Anthony Frammartino, CEO and Chairman of Townsend.
About Avatar Capital Partners
Avatar Capital Partners (ACP) is an Asia-based asset management platform with a unique edge in alternative investments. The firm combines a disciplined investment philosophy with a focus on fundamental investing and sustainable solutions, positioning it to deliver exceptional results across market cycles. ACP's expertise in thematic investing and market insights has established it as a trusted partner in the private equity space. For more information, please visit: www.avatarcp.com
About Townsend Group
Townsend Group is a provider of global real estate and real asset investment advisory services. Townsend offers complementary investment management, advisory, and capital solutions via primary funds, secondaries, co-investments and direct investments. Townsend is an adviser to global public and private pension plans, insurers, sovereign wealth funds, endowments and foundations. Townsend has been advising and managing real estate portfolios for four decades and across multiple market cycles. As of September 30, 2024, Townsend had assets under management of $19.3B and as of March 31, 2024, provided advisory services to clients who had real estate/real asset allocations exceeding $237.9B. For more information, visit: www.townsendgroup.com