GreenOak seeks at least US$500m for 2nd Asia fund
It plans to invest in Japan, Korea, India and possibly HK and S'pore, adds source
Add BT as a preferred source[SEATTLE] GreenOak Real Estate LP, started in 2010 by the former heads of Morgan Stanley's property-investment unit, plans to seek at least US$500 million for its second Asia fund, said a person with knowledge of the fund-raising.
The company, which also runs funds for the US and Europe, plans to invest in Japan, Korea, India and possibly Hong Kong and Singapore, said the person, who asked not to be identified because the fund-raising is private.
New York-based GreenOak previously raised US$260 million for a Japan-only fund, with investments including Tokyo office buildings and resorts in Okinawa, according to the company's website.
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