BGO has announced the final close of its flagship Asia-focused value-add real estate strategy, BGO Asia Fund IV, raising more than US$5.1 billion in total capital commitments, including co-investment sidecars.

The fund marks the largest closed-end capital raise in the firm’s history, said BGO.

The BGO Asia Fund IV targets value-add opportunities in office, hospitality, and logistics assets across Japan, South Korea, Australia, and Singapore. Japan is a core focus, with investment activity executed 100% in-house and driven by regulatory changes and corporate-governance reforms expected to lead to US$3 trillion in non-core asset divestitures.

Backed by 45 institutional limited partners, the fund drew capital from a globally diversified investor base: 44% from the United States, 24% from Asia, 23% from the Middle East, and the remainder from Canada and Europe. Investor participation included equal shares from returning Asia fund investors, long-standing clients expanding into the strategy, and new entrants.

BGO’s Asia platform is managed by a leadership team with nearly 30 years of investing experience in the region and a fully integrated platform in Japan. The Asia team now includes over 40 professionals located across the region, operating locally in their respective markets.

Headquartered in Miami, BGO is owned by Toronto-based Canada Life. BGO has a large presence in Canada, where the firm originated.

Photo: BGO