Establishment and closing of Japan Logistics Development Partners V LP
Allen & Gledhill advised Ares Management Corporation (“Ares”) on the establishment of Japan Logistics Development Partners V LP (“JDP V”), a logistics real estate development fund which will invest in the development of institutional-quality modern logistics facilities across Japan’s key metropolitan markets, including Greater Tokyo, Greater Osaka and Nagoya.
JDP V achieved its final close with ¥612 billion (approximately US$4 billion) in capital commitments from a diversified global institutional investor base, comprising pension funds, sovereign wealth funds, insurance companies, financial institutions and other institutional investors across North America, Asia-Pacific, Europe and the Middle East. The transaction also marks the largest closed-end institutional fundraise to date for Ares Real Estate.
Advising Ares were Allen & Gledhill Partners Jerry Koh and Jonathan Lee.
