Starcrest Closes US$276.5 Million for China Real Estate Fund
Starcrest Capital Partners (“Starcrest”), a leading private equity real estate firm in China, announced the final close of Starcrest China Real Estate Fund II, L.P. with US$276.5 million in investor commitments. Limited Partners include endowments, pensions, banks, asset managers and family offices located throughout North America, Europe and Asia.
“We are pleased to announce the final close of Starcrest China Real Estate Fund II and would like to thank our existing and new investors for their support and confidence in the Starcrest team,” said David Yeung, Managing Director of Starcrest. “We believe the strength of commitments received reflects confidence in our ability to deliver value and is a clear endorsement of our investment strategy toward China’s real estate sector.”
Atlantic-Pacific Capital served as global placement agent for the fundraise. “While we managed our core business, Atlantic-Pacific Capital assisted us with every facet of the fundraising process, which they performed with thoughtfulness, professionalism and integrity,” said Elvin Lim, Managing Director of Starcrest.