June 20, 2017
Singapore-based private equity real estate, SilkRoad Property Partners, is pleased to announce that Preqin has identified its latest fund, SilkRoad Asia Value Partners, as the second-largest private real estate fund raised in 2016 by an emerging manager globally. In 2016 SilkRoad Asia Value Partners raised USD 445.5 million for a Value Added strategy targeting the gateway cities of Hong Kong, Shanghai, Beijing, and Singapore. Preqin noted that “since 2012, there has been a progressive decline in the number of funds closed by emerging mangers, culminating in 2016 representing the lowest fundraising total for new managers since 2009 ”. In 2016 emerging managers raised a total of USD11 billion, a significant decline from the average of USD16 billion per annum in the prior four year period.
“The team at SilkRoad are honoured by the confidence shown by prior and new investors in SilkRoad Asia Value Partners. We will continue to work hard to achieve our investment strategy and returns as targeted,” said Peter Wittendorp, CEO of SilkRoad Property Partners.