Ogier in Jersey and Luxembourg have acted as legal advisers to AEW Value Investors Asia II, which recently held its final closing. The firm raised commitments totalling $590.2 million, including $15 million of sponsor co-investment capital.
The fund, a closed-ended Jersey Expert Fund structured as a limited partnership, is AEW Capital Management’s second Asia value-added fund. Feeder and parallel limited partnerships were established in Luxembourg.
Investors in the fund are primarily public and corporate pension plans and insurance companies based in the US and Europe.
The fund has six assets in Hong Kong, Seoul, Singapore and Shanghai, representing $255 million of equity and more than 937,000 square feet of office and retail assets.
In Jersey, the Ogier team was led by Partner Niamh Lalor, assisted by Senior Associate Alexandra O'Grady, with the Luxembourg team led by Partner Francois Pfister.
Ogier worked with law firm Paul Hastings as lead onshore counsel. Langham Hall's Jersey and Luxembourg offices filled the fund administrator and depositary roles.