Composition Capital Partners (CCP), an international real estate investment firm based in Amsterdam and Hong Kong, has announced the first closing of Composition Capital Asia Fund II C.V.
The formation of the Fund has commenced with a US$ 100-million commitment by a large institutional investor. Composition Capital Partners as the Manager of the Fund, intends to raise additional capital from other institutions with a target fund size of US$ 400 million. With a similar strategy and risk/return profile, Composition Capital Asia Fund II C.V. is the successor fund of Composition Capital Asia Fund C.V. This Fund, as the first of its kind in the region, was launched in 2005 and is now fully committed to local partners across Asia.
The Fund will target returns in excess of 15% and will invest in non-listed real estate investment vehicles, including private funds, secondary transactions and joint ventures with local partners. Risks are managed and reduced by offering a portfolio of different managers, investment styles, sectors and countries.
Erwin Stouthamer, Managing Director with Composition Capital, comments: "With this Fund, Composition Capital Partners offers institutional investors the opportunity to access a comprehensive real estate strategy in Asia. The region is experiencing a period of strong economic growth; with favorable demographics, rising urbanization, and an expanding middle class there are excellent prospects for the real estate sector in Asia."
William Shaw, Director with Composition Capital and located in Hong Kong, adds: "Getting access to many Asian real estate markets also has improved dramatically. The growth of cross border capital flows certainly has fueled the Asian real estate fund management industry; we are seeing a strong growth of the number of funds available in the market."
Source: Composition Capital Partners