Aetos Capital Closes $740 Million Real Estate Fund; Aetos Capital Asia Will Focus on Opportunities in the Japanese Property Market.Business Editors NEW YORK--(BUSINESS WIRE)--Dec. 10, 2003 Aetos Capital, an independent investment management firm serving institutional and high net worth clients, announced today that it has closed Aetos Capital Asia ("ACA ACA - Application Control Architecture "), a $740 million fund formed to acquire real estate and related assets in Japan. The fund plans to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the significant opportunities for profitable investment currently available in Japan's real estate market. Scott Kelley heads all of Aetos Capital's real estate efforts. Before joining Aetos Capital, Mr. Kelley was co-head of Morgan Stanley's global real estate investment banking business and a member of the Investment Committee of Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Real Estate Funds, which invest in real estate assets throughout the world. Jim Allwin, Chief Executive Officer of Aetos Capital, serves as the Chairman of ACA's Investment Committee. During his career at Morgan Stanley, Mr. Allwin was President of Morgan Stanley Asset Management; the founder of the Morgan Stanley Real Estate Funds and Chairman of its Investment Committee; and a member of Morgan Stanley's Management Committee. Through its affiliate, Aetos Japan, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Aetos Capital has assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. a team of more than 30 experienced Japanese property professionals, led by Mr. Kelley who serves as Aetos Japan's Chief Executive Officer. Mr. Kelley is joined on the senior management team by two former Lone Star Lone Star (or Lonestar) may refer to:
ACA has a focused strategy which involves purchasing underperforming properties and using its management team to improve operations, as well as purchasing large portfolios of property assets from owners who seek liquidity. The fund's flexible investment mandate, value-added strategy, and size enable it to play an important role in bringing capital to complicated restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). situations and to earn significant investment returns. ACA has been actively investing in Japan for a year and has made several investments to date. The fund will utilize leverage and plans to acquire over $3 billion in assets. Mr. Kelley said, "Having evaluated real estate investment opportunities globally, we believe that Japan's current property market presents the greatest opportunity to earn superior risk-adjusted returns Risk-Adjusted Return A measure of how much risk a fund or portfolio takes on to earn its returns, usually expressed as a number or a rating. Notes: This is often represented by the Sharpe Ratio. The more return per unit of risk, the better. . Over the next several years, there will be a large number of real estate-related restructurings in Japan that require and demand large amounts of risk capital. Aetos Capital is confident that the opportunity in Japan is significant and that the fund has assembled a world-class investment team to implement its strategy." ACA's investors are a sophisticated group of institutions and high net worth individuals, including corporate and public pension funds, endowments, foundations, and other experienced real estate investors A real estate investor is someone who actively or passively invests in real estate. An active investor may buy a property, make repairs and/or improvements to the property, and sell it later for a profit. . About Aetos Capital, LLC Aetos Capital, LLC is an independent investment management firm serving institutional and high net worth clients. It is focused on directly managed alternative investment products including real estate, absolute return, and private equity. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion