About This Fund
BentallGreenOak (BGO) has successfully closed its flagship Asia-focused value-add real estate fund, BGO Asia Fund IV, securing over $5.1 billion in total capital commitments, including co-investment sidecars. This marks the largest closed-end fundraise in the firm's history, exceeding the initial $3 billion target and more than doubling the size of its predecessor, Fund III, which closed at $1.6 billion in 2020.
The fund is focused on value-add opportunities across the office, hospitality, logistics, multifamily residential, urban vertical retail, and data center sectors. It will deploy 65-75% of capital in Japan, 15-25% in South Korea, with the remaining capital targeting Australia, Singapore, and Hong Kong.
BGO Asia Fund IV aims to leverage tailwinds from regulatory and governance reforms in Japan that are triggering asset divestitures by large corporates. With deep local expertise and a strong presence in Asia-Pacific markets, BGO is positioned to identify and enhance underperforming assets through active management and repositioning strategies.