Pacific Alliance Launches China Real Estate Fund

Oct 24 2007 | 11:05am ET

Pacific Alliance Group is adding a Greater China real estate strategy to its portfolio of alternative investment products. The $3.5 billion Hong Kong-based hedge fund and private equity manager is launching the Pacific Alliance China Land fund in November with a target of US$350 million.

The fund will invest across residential, commercial and industrial sectors targeting completed and semi-completed projects through forced sale and distressed situations, according to marketing materials obtained by FINalternatives. It will also take pre-IPO equity stakes in leading regional developers, followed by direct co-investment in selected real estate projects.

Approximately 60% of the fund’s portfolio will be invested in what the firm deems as “second and third tier” cities and the remaining balance will be invested in more visible locales such as Hong Kong and Macau.

Horst Geicke and Chris Gradel founded Pacific Alliance in 2002. The firm currently manages the $1 billion Asia Opportunity Fund, an arbitrage hedge fund focusing on Greater China, and ARC Capital Holdings, a $570 million Greater China buyout fund.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.