Tishman Speyer and Raffles Family Office Announce Blue Chip Collaboration to Launch APAC Real Estate Fund
Tishman Speyer, a leading global developer, owner, operator, and investment manager of premier real estate, and Raffles Family Office (“RFO”), a leading commercial multi-family office (“MFO”) in Asia, have established a new partnership to launch the Tishman Speyer/Raffles Family Office APAC Opportunity Fund I (the “Fund”).
The Fund targets value add and opportunistic investments within key real estate themes such as brown-to-green, living sector, logistics, and special situations, including credit strategies and distressed opportunities. This synergistic collaboration between a leading global real estate investor and a leading Asian MFO will grant private wealth investors unparalleled access into tailored, institutional grade real estate investments.
“This marks a milestone in Tishman Speyer’s expansion into Asia Pacific gateway cities, and the start of a significant partnership with Raffles Family Office and their investors,” said Rob Speyer, Chief Executive Officer at Tishman Speyer. “Together, Tishman Speyer and RFO will create a compelling portfolio that supports the growth of new economy sectors throughout APAC.”
Chi-man Kwan, Group CEO and Co-founder of Raffles Family Office, said, “We are excited to partner with Tishman Speyer, one of the world’s most recognized and esteemed international developers. As both intergenerational wealth transfers and new wealth emerge, family offices continue to gain traction as preferred wealth management vehicles due to the enhanced control and flexibility they provide. This collaboration seeks to capitalize on the unique advantages of family offices and aims to address the increasingly complex asset management needs of APAC UHNWs. It is part of our ongoing commitment to support their growing demand for geographical and asset class diversification.”
Joe Kwan, Managing Partner, Real Estate of Raffles Family Office, added, “We look forward to embarking on this journey with Tishman Speyer for an inaugural APAC Real Estate fund. This partnership is the first of its kind, and it arrives at an ideal time to emphasize our conviction of the longer-term secular tailwinds across the Asia Pacific region. This combined with class leading investment, governance and asset management capabilities, offer a unique set of real estate investment opportunities for UHNW investors. The ability to invest through a down cycle will offer strong return proposition for our clients and may well prove to be an exceptional vintage for the fund.”