Latest news with #FredSchmidt
Yahoo
8 hours ago
- Business
- Yahoo
BGO Announces US$5.1 Billion Capital Raise for Its Asia Value-Add Real Estate Strategy, Marking Largest Closed-End Fundraise in Firm's History
TOKYO, June 05, 2025--(BUSINESS WIRE)--BGO today announced the final close of BentallGreenOak Asia IV ("BGO Asia Fund IV" or the "Fund"), its flagship Asia-focused value-add real estate strategy, raising over US$5.1 billion in total capital commitments for the Fund and co-investment sidecars. The Fund represents the largest closed-end capital raise in BGO's history, underscoring the firm's history and reputation as a premier global real estate investment manager in Asian markets. BGO Asia Fund IV targets value-add opportunities in office, hospitality, and logistics assets across Japan, South Korea, Australia, and Singapore. Japan represents a central pillar of our investment strategy, driven by regulatory reforms and corporate governance shifts that are catalyzing an estimated US$3 trillion in non-core asset divestitures. "Japan is undergoing a profound transformation, and we see strong, sustained tailwinds across the region," said Fred Schmidt, Managing Partner and Chairman of Asia, BGO. "Tokyo is one of the world's largest and most dynamic commercial real estate markets, and with growing pressure on Japanese corporations to optimize their corporate value, our deep roots and integrated presence positions us well to access opportunities others might miss. This Fund has over 3 trillion JPY investing power." Backed by 45 institutional limited partners, the Fund received support from a highly diversified global investor base. Notably, 44% of the capital was sourced from the United States, 24% from Asia, and 23% from the Middle East, with the remainder coming from Canada and Europe. The Fund's investor participation reflects sustained confidence in BGO's Asia platform and increased interest in the region: One-third of commitments came from existing Asia fund investors who have previously invested in this strategy; One-third from longstanding BGO clients expanding into the Asia value-add strategy; and One-third from new investors entering a BGO vehicle for the first time. "We are honored by the trust of our long-standing partners and pleased to welcome new investors who share our vision for capturing value across Asia's most compelling urban markets," said Marcus Merner, Managing Partner and Head of Asia, BGO. "Our team, our consistent track record in Asia, our local expertise are important differentiators." BGO's Asia team brings decades of continuity and cycle-tested experience. The leadership team—including Sonny Kalsi (co-CEO), Fred Schmidt (Chairman of Asia), Marcus Merner (Head of Asia), Dan Klebes (Head of Japan) and Jeannie Kim (Head of Korea) — brings an average of almost 30 years of investing experience in Asia. Importantly, BGO operates a fully vertically integrated platform in Japan, executing 100% of its investments in-house. The firm's regional team now includes more than 40 professionals based across Asia, fluent in both English and their local dialects, and embedded in the markets they serve. Since its founding in 2010, BGO's Asia series of strategies have invested approximately US$10 billion across 150 properties in 20 cities, consistently identifying and executing on high-conviction opportunities in Asia's most dynamic urban centers. About BGO BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $86 billion USD of assets under management (as of March 31, 2025) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment. For more information, please visit View source version on Contacts Media Contact Rahim LadhaGlobal Head of Communications, BGOmedia@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 days ago
- Business
- Bloomberg
BentallGreenOak to Invest $11 Billion in Japanese Real Estate
BentallGreenOak will accelerate real estate investments and hiring in Japan, joining a growing number of global firms that are betting money can be made as local companies offload property assets. The Canadian firm plans to invest more than ¥1.6 trillion ($11 billion) in Japanese property through 2027, mainly in office buildings and hotels, according to BGO's Asia Chairman Fred Schmidt.
National Post
6 days ago
- Business
- National Post
BGO Announces US$5.1 Billion Capital Raise for Its Asia Value-Add Real Estate Strategy, Marking Largest Closed-End Fundraise in Firm's History
Article content TOKYO — BGO today announced the final close of BentallGreenOak Asia IV ('BGO Asia Fund IV' or the 'Fund'), its flagship Asia-focused value-add real estate strategy, raising over US$5.1 billion in total capital commitments for the Fund and co-investment sidecars. The Fund represents the largest closed-end capital raise in BGO's history, underscoring the firm's history and reputation as a premier global real estate investment manager in Asian markets. Article content BGO Asia Fund IV targets value-add opportunities in office, hospitality, and logistics assets across Japan, South Korea, Australia, and Singapore. Japan represents a central pillar of our investment strategy, driven by regulatory reforms and corporate governance shifts that are catalyzing an estimated US$3 trillion in non-core asset divestitures. Article content 'Japan is undergoing a profound transformation, and we see strong, sustained tailwinds across the region,' said Fred Schmidt, Managing Partner and Chairman of Asia, BGO. 'Tokyo is one of the world's largest and most dynamic commercial real estate markets, and with growing pressure on Japanese corporations to optimize their corporate value, our deep roots and integrated presence positions us well to access opportunities others might miss. This Fund has over 3 trillion JPY investing power.' Article content Backed by 45 institutional limited partners, the Fund received support from a highly diversified global investor base. Notably, 44% of the capital was sourced from the United States, 24% from Asia, and 23% from the Middle East, with the remainder coming from Canada and Europe. Article content The Fund's investor participation reflects sustained confidence in BGO's Asia platform and increased interest in the region: Article content One-third of commitments came from existing Asia fund investors who have previously invested in this strategy; One-third from longstanding BGO clients expanding into the Asia value-add strategy; and One-third from new investors entering a BGO vehicle for the first time. Article content 'We are honored by the trust of our long-standing partners and pleased to welcome new investors who share our vision for capturing value across Asia's most compelling urban markets,' said Marcus Merner, Managing Partner and Head of Asia, BGO. 'Our team, our consistent track record in Asia, our local expertise are important differentiators.' Article content BGO's Asia team brings decades of continuity and cycle-tested experience. The leadership team—including Sonny Kalsi (co-CEO), Fred Schmidt (Chairman of Asia), Marcus Merner (Head of Asia), Dan Klebes (Head of Japan) and Jeannie Kim (Head of Korea) — brings an average of almost 30 years of investing experience in Asia. Article content Importantly, BGO operates a fully vertically integrated platform in Japan, executing 100% of its investments in-house. The firm's regional team now includes more than 40 professionals based across Asia, fluent in both English and their local dialects, and embedded in the markets they serve. Article content Since its founding in 2010, BGO's Asia series of strategies have invested approximately US$10 billion across 150 properties in 20 cities, consistently identifying and executing on high-conviction opportunities in Asia's most dynamic urban centers. Article content About BGO Article content BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $86 billion USD of assets under management (as of March 31, 2025) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. Article content BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. Article content The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment. Article content Article content Article content Contacts Article content
Business Wire
6 days ago
- Business
- Business Wire
BGO Announces US$5.1 Billion Capital Raise for Its Asia Value-Add Real Estate Strategy, Marking Largest Closed-End Fundraise in Firm's History
TOKYO--(BUSINESS WIRE)--BGO today announced the final close of BentallGreenOak Asia IV ('BGO Asia Fund IV' or the 'Fund'), its flagship Asia-focused value-add real estate strategy, raising over US$5.1 billion in total capital commitments for the Fund and co-investment sidecars. The Fund represents the largest closed-end capital raise in BGO's history, underscoring the firm's history and reputation as a premier global real estate investment manager in Asian markets. Since its founding in 2010, BGO's Asia series of strategies have invested approximately US$10 billion across 150 properties in 20 cities, consistently identifying and executing on high-conviction opportunities in Asia's most dynamic urban centers. BGO Asia Fund IV targets value-add opportunities in office, hospitality, and logistics assets across Japan, South Korea, Australia, and Singapore. Japan represents a central pillar of our investment strategy, driven by regulatory reforms and corporate governance shifts that are catalyzing an estimated US$3 trillion in non-core asset divestitures. 'Japan is undergoing a profound transformation, and we see strong, sustained tailwinds across the region,' said Fred Schmidt, Managing Partner and Chairman of Asia, BGO. 'Tokyo is one of the world's largest and most dynamic commercial real estate markets, and with growing pressure on Japanese corporations to optimize their corporate value, our deep roots and integrated presence positions us well to access opportunities others might miss. This Fund has over 3 trillion JPY investing power.' Backed by 45 institutional limited partners, the Fund received support from a highly diversified global investor base. Notably, 44% of the capital was sourced from the United States, 24% from Asia, and 23% from the Middle East, with the remainder coming from Canada and Europe. The Fund's investor participation reflects sustained confidence in BGO's Asia platform and increased interest in the region: One-third of commitments came from existing Asia fund investors who have previously invested in this strategy; One-third from longstanding BGO clients expanding into the Asia value-add strategy; and One-third from new investors entering a BGO vehicle for the first time. 'We are honored by the trust of our long-standing partners and pleased to welcome new investors who share our vision for capturing value across Asia's most compelling urban markets,' said Marcus Merner, Managing Partner and Head of Asia, BGO. 'Our team, our consistent track record in Asia, our local expertise are important differentiators.' BGO's Asia team brings decades of continuity and cycle-tested experience. The leadership team—including Sonny Kalsi (co-CEO), Fred Schmidt (Chairman of Asia), Marcus Merner (Head of Asia), Dan Klebes (Head of Japan) and Jeannie Kim (Head of Korea) — brings an average of almost 30 years of investing experience in Asia. Importantly, BGO operates a fully vertically integrated platform in Japan, executing 100% of its investments in-house. The firm's regional team now includes more than 40 professionals based across Asia, fluent in both English and their local dialects, and embedded in the markets they serve. Since its founding in 2010, BGO's Asia series of strategies have invested approximately US$10 billion across 150 properties in 20 cities, consistently identifying and executing on high-conviction opportunities in Asia's most dynamic urban centers. About BGO BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $86 billion USD of assets under management (as of March 31, 2025) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 27 cities across thirteen countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life. The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
Forbes
25-04-2025
- Entertainment
- Forbes
Feasting In Louisville Begins Long Before The Running Of The Kentucky Derby
The Kentucky Derby lasts all of two minutes but in Louisville it begins days before with a series of parties that can last all day and half the night. Of course, the city always has a vibrant nightlife in the bars and restaurants around town, and, once you've clinched a tough-to-get hotel room, joining the festivities is just a question of showing up. During the preceding week in Louisville, which is promoted as Bourbon City, hordes of people will be joining the Kentucky Bourbon Trail, which begins at the Welcome Center within the Frazier Museum and takes buses out to visit distilleries like Angel's Envy, Michter's, Evan Williams and Old Forester, while the city's own Urban Bourbon Trail heads down Whiskey Row on Main Street, which is now dotted with distilleries and restaurants. At any time of year eating Kentuckians' favorite foods is easy but requisite during Derby Week, not least pimento cheese and country ham and biscuits, which will be found at every party, with puffy split buttermilk biscuits with a thin slice of rosy, salty, thinly sliced country ham on the table. With this you drink a mint julep, a cocktail made from bourbon, sugar, and mint, traditionally served at the running of the Derby. The cocktail dates back to before 1800. Historian Frances Parkinson Keyes observed that 'The last instructions which a Virginia gentleman murmurs on his deathbed are, 'Never insult a decent woman, never bring a horse in the house, and never crush the mint in a julep!'' The other famous local cocktail is the Old Fashioned, made with whiskey (bourbon or rye), sugar, and bitters, served in a squat Old Fashioned glass. It was created around 1881, possibly at the Pendennis Club that opened that year. Another signature Louisville dish is the created at the Brown Hotel in the 1920ss when one night guests at its dinner dance went to the restaurant for a late bite, and chef Fred Schmidt came up with an open-faced turkey sandwich with bacon and a delicate Mornay sauce. It is still the featured dish at the hotel, though not easily found outside of it. But no dish is more specific trace day than the Derby pie, a trademark name of the Kerns Bakery in town, for a very thick, rich chocolate-chip pecan pie. You can find dishes like these at Churchill Downs's nine food and drink venues, including Starting Gate Pavilion Balcony, the Skye Terrace, Millionaire's Row and Stakes Dining Room. One of my favorite places in town, dating back to 1958 is Pat's Steakhouse, set on two floors of a 150-year-old coach house with décor of dark woods, brass chandeliers, Waterford crystal, hundreds of old photos and white tablecloths, along with a wall of more than 60 bourbons. Begin with a platter of oysters, maybe the frogs' legs in garlic butter and then the 16-ounce strip steak or Pat's fried chicken. Jack Fry's pre-dates Pat's by a quarter century in business, decked out in decades of sports and gambling memorabilia. Here's where to get shrimp and grits with redeye gravy or the pork chop with smoked bacon and roast potatoes and the angel's food cake. Kentucky has a string barbecue culture, and one of the best I found in Louisville is Pork ribs BBQ at Backdeck. John Mariani owned by Chan Nelson, who insists you don't drown his succulent ribs in sauce. Best bargain is the three-meat platter with beans, smoked mac and cheese, and yams. Red Hog is a butcher shop that also purveys terrific sandwiches, soups and charcuterie. The Fat Tony sandwich ($16), mounted with mortadella, salami cotto, city ham, provolone, mayo, hot pepper tapenade, lettuce and onion, is terrific. There's first-rate Italian food at ROC, owned by chef Rocco Cadolini, for sumptuous pastas. Try for an outdoor patio table. For the big, brash splurge––and it's sure to be packed every night––make a reservation in advance at Jeff Ruby's Steakhouse, which does indeed have 14 cuts of steak, as well as 15 variations of sushi, wagyu meatballs, a massive pork porterhouse with polenta cakes and heady black pepper jus and for dessert a three-layer carrot cake with warm caramel cream cheese icing. The restaurant's wine list deserves its many awards for great breadth and depth.
