Insight
30 October 2023

State of Play: Current Trends in APAC Private Real Estate Funds

A snapshot of current GP and LP sentiment in the APAC real estate funds space, combined with expert insights into what to expect heading into 2024 and beyond.

Goodwin, KPMG, and IQ-EQ collaborated to develop “State of Play," our new report on market sentiment among private equity real estate practitioners in APAC. It is based on interviews with senior executives at leading firms that are active in the region. Have a look to get their views on the latest trends, with chapters focused on the following areas:

  • APAC’s Place in the Global Real Estate Market
  • Capital Sources for APAC Real Estate Funds
  • Japan
  • China
  • India
  • Australia
  • Korea
  • Singapore
  • Emerging Markets of Southeast Asia
  • Private Credit
  • Secondaries
  • ESG
  • Technology and Artificial Intelligence
  • Hiring and Staff Retention 

Report Partners

Matthew Nortcliff
Partner, Goodwin Procter (Singapore) LLP
+65 6239 6812
mnortcliff@goodwinlaw.com

Goodwin’s Global Real Estate Funds Team

We are experts in all key areas of fund formation and management, including market terms and conditions; LP and GP representation; international structures; documentation and compliance programs; and compensation plans.

Our team’s mainstay is our GP-side practice. We represent more than 50 of PERE’s top-ranked global private equity real estate managers (2023 PERE 100) and in the past five years have advised on the closing of over 600 private funds raising more than $150 billion.

Our team has acted for some of the largest corporate, endowment and pension limited partners, funds-of-funds, a number of sovereign wealth funds, development finance institutions, and other governmental institutions in their primary and secondary private fund investments across many jurisdictions and asset classes.

Our primary and secondary Private Investment Funds team spans across Hong Kong, Singapore, London, Paris, Frankfurt, Luxembourg, New York, Boston, Washington, DC, and California, making Goodwin truly global in focus.

With over 200 core funds lawyers in the US, Europe and Asia, we are one of the largest private investment fund teams with the most widespread footprint in the market who provide a fully integrated funds offering.

Our clients Include leading institutions and start-ups that manage:

  • Real estate funds
  • Private equity funds
  • Private credit funds
  • Secondaries funds
  • Infrastructure funds
  • Venture capital funds

Anulekha Samant
Co-Head of Real Estate & Asset Management, Tax
KPMG in Singapore
+65 6213 3595
asamant@kpmg.com.sg

KPMG in Singapore is part of a global organization of independent professional services firms providing audit, tax and advisory services. We operate in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

Neil Synnott
Chief Commercial Officer, APAC
IQ-EQ
+65 6955 1574
neil.synnott@iqeq.com

IQ-EQ is a global, top-tier investor services group with an unrivalled offering to meet the administration, compliance, and reporting needs of the investment sector worldwide. Our services are underpinned by a group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts. Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of well-honed technical expertise and strong relationships based on deep understanding. We’re driven by our group purpose, to power people and possibilities.

We employ a global workforce of 5,000+ people across 25 jurisdictions, have assets under administration exceeding US$750 billion, and work with 11 of the world’s top 15 private equity firms. Also part of the IQ-EQ group of companies are First National Trustee Company (FNTC), The Private Office, ComplianceAsia, and Lymon.

 

This informational piece, which may be considered advertising under the ethical rules of certain jurisdictions, is provided on the understanding that it does not constitute the rendering of legal advice or other professional advice by Goodwin or its lawyers. Prior results do not guarantee a similar outcome.