Dechert has advised Singapore-based private equity firm SilkRoad Property Partners on the final close of its latest real estate fund, SilkRoad Asia Value Partners.
The fund is valued at $445.5 million exceeding its $350 million target. Launched in August 2014, its investors include insurance companies, endowments, pension funds and other top-tier institutional investors from Europe, North America and Asia.
Targeting real estate assets in Asian hubs like Singapore, Hong Kong, Shanghai and Beijing, the fund has already made four investments in the first two of those cities.
The Dechert team advising SilkRoad included lead partner Dean Collins from Singapore, while regulatory and tax support was provided by partners Jeffrey Sion and Karl Egbert.