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Ropes & Gray Advises CBRE Global Investors on CBRE Strategic Partners U.S. Value 8 and CBRE Asia Value Partners IV

Practices: Private Investment Funds, Tax, ERISA, Asset Management, Real Estate Investments & Transactions, Sponsor Representation

Ropes & Gray advised CBRE Global Investors on the formation of CBRE Strategic Partners U.S. Value 8 and CBRE Asia Value Partners IV. CBRE Global Investors is a global real asset investment management firm with $98.3 billion in assets under management (as of Sept. 30, 2017).

CBRE Strategic Partners U.S. Value 8, L.P., is the latest fund in its U.S. enhanced-return strategy. The fund announced its final close on Nov. 28, with equity commitments of $1.34 billion from 25 institutional investors in the United States, Europe, the Middle East and Asia. Strategic Partners U.S. Value 8, is expected to have total purchasing power of more than $3.3 billion, including leverage.

CBRE Asia Value Partners IV is the latest fund in continuation of the firm’s value-add investment program in Asia. The fund announced its final close on Nov. 6, with equity commitments totaling $1 billion from 21 institutional investors in the Americas, Asia Pacific and EMEA. Asia Value Partners IV and its co-investment vehicles are expected to have total purchasing power of more than $2.5 billion, including leverage.

Ropes & Gray private investment funds partner Matt Posthuma led the teams advising on both funds. Additional Ropes & Gray attorneys advising on CBRE Strategic Partners U.S. Value 8 included tax partners Kristen Chang Winckler and Elaine Murphy, ERISA partner Bill Jewett, private investment funds associate Brad Stanley, corporate associate Sean Murphy, and tax associate Denise Sohn. Additional Ropes & Gray attorneys advising on CBRE Asia Value Partners IV included tax partner Elaine Murphy, ERISA partner Bill Jewett, private investment funds associate Justin Kliger, and tax associate Chris Shim.