SMBC Arm, Aravest Get $165 Million for APAC Real Estate Credit

SMBC Group’s asset management arm and Aravest Private Funds secured $165 million in commitments for an Asia Pacific real estate-focused private credit strategy.

The move is the first in a series of private credit strategies to be developed by SMBC Group under a private markets platform, according to a statement from Sumitomo Mitsui DS Asset Management. The strategy was initially launched last year with commitments of $120 million but increased to $165 million following additional capital commitments, according to the firm.