From Pulse 2.0 · Amit Chowdhry · · 1m 20s
Avatar Capital Partners Secures $156M for Fund II
Avatar Capital Partners closes $156 million first round for Fund II with GCM Grosvenor and Texas TRS.
In brief
Avatar Capital Partners closes $156 million first round for Fund II with GCM Grosvenor and Texas TRS. Avatar Capital Partners secured $156 million in commitments for Fund II targeting $300 million in Japanese residential real estate investments. Originally reported by Pulse 2.0.
Fund II First Close
Avatar Capital Partners secured $156 million in commitments at the first close of Fund II targeting $300 million.
Strategic Partnerships
GCM Grosvenor and Teacher Retirement System of Texas will serve as anchor investors in Fund II.
Fund II Target
Fund II aims to raise $300 million for Japanese residential real estate investments.
Partnership Commitment
GCM Grosvenor and TRS committed up to $100 million as part of the strategic partnership.
Fund I Deployment
Fund I closed in July 2025 with $105 million and completed five successful exits.
Investment Strategy
ACP focuses on off-market opportunities through local relationships and proprietary sourcing.
Portfolio Value
ACP manages a portfolio with gross asset value approaching $850 million.
Leadership Team
Founding Partners Angel Li, Ryuta Ueda, and Ronald Chiu have worked together since 2010.
Key Quotes
Angel Li: 'We are thrilled to welcome GCM Grosvenor and TRS as strategic partners.'
“We are thrilled to welcome GCM Grosvenor and TRS as strategic partners.”
Strategic Impact
The partnership supports ACP’s expansion into Japanese residential real estate with institutional capital.
The short version
Avatar Capital Partners secured $156 million in commitments for Fund II targeting $300 million in Japanese residential real estate investments.
