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Avatar Capital Partners Secures US$156 Million First Close for Fund II and Forms Strategic Partnership with GCM Grosvenor and Teacher Retirement System of Texas

  • Avatar Capital Partners (ACP) announced the first close of Fund II, securing US$156 million in commitments toward a US$300 million target focused on the Japan living sector.
  • GCM Grosvenor and the Teacher Retirement System of Texas (TRS) joined as anchor investors with a combined commitment of up to US$100 million.
  • Fund I, which closed in July 2025 with US$105 million, was fully deployed within 12 months & completed five successful exits.
  • ACP currently manages a multifamily portfolio with a gross asset value of nearly US$850 million.
  • Founding Partners Angel Li, Ryuta Ueda, & Ronald Chiu have led the firm since 2010.
  • Fund II aims to capitalize on off-market opportunities in Japan's living sector driven by favorable demographics, rental demand, & an attractive financing environment.
  • GCM Grosvenor manages approximately $97 billion in assets across private equity, infrastructure, real estate, credit, & absolute return strategies.
Company
Avatar Capital Partners
Keywords
Avatar Capital Partners