The target scale of Fund II is 300 million US dollars, with a focus on investing in the Japanese residential sector. Previously, Fund I completed its deployment within 12 months after its final closure and achieved 5 successful exits.
Chicago, Tokyo, and Hong Kong, November 12, 2026 / PRNewswire / -- Asia's alternative asset management platform Avatar Capital Partners (referred to as ACP) announced today that its Fund II has successfully completed its first round of fundraising, securing $156 million in committed funds; at the same time, the company has also reached new strategic partnerships with GCM Grosvenor and Teacher Retirement System of Texas (referred to as TRS). As part of this collaboration, GCM Grosvenor's real estate business – a leading builder of mid-market platforms – and GP as an equity investor, along with TRS, will act as anchor investors and strategic partners for Fund II to support the institutional expansion of ACP. These developments highlight the strong support from institutional investors for ACP's Japanese residential sector strategy and also mark an important step in the company's evolution towards becoming an institutional investment platform.
ACP is led by founding partners Angel Li, Ryuta Ueda, and Ronald Chiu, who have been working together since 2010. The company completed a Fund I fundraising in July 2025, raising $105 million, and currently manages funds for a diverse group of institutional investors and family offices. To date, ACP has built a multi-residential asset portfolio with a total value of nearly $850 million. Fund I deployed all the funds within 12 months after the fundraising was completed and has already achieved 5 successful exits, highlighting ACP's differentiated project acquisition capabilities and prudent execution skills.
Fund II has attracted commitments from multiple global institutional investors, including GCM Grosvenor and TRS with a total commitment of up to $100 million. Fund II will continue to seize the growing over-the-counter trading opportunities in the Japanese residential sector based on its existing strategy at ACP. Supported by favorable demographic trends, sustained rental demand, accelerating rent increases, and an attractive financing environment, this sector still presents quite attractive opportunities for long-term investment.
"We are very pleased to welcome GCM Grosvenor and TRS as strategic partners," said Angel Li, co-founder of ACP. "Their support is a strong recognition of our strategy and an important milestone for the continued growth of ACP."
"Our deep local connections enable us to access opportunities beyond traditional channels," said Ryuta Ueda, co-founder of ACP. "We will continue to focus on prudent execution and achieve attractive long-term returns," added Ronald Chiu, another co-founder. "Fund II allows us to seize a series of high-quality opportunities in the growing Japanese residential sector," ACP remarked.
"We are delighted to collaborate with Angel, Ryuta, Ronald, and the broader ACP team to drive the company towards the next phase of growth and expansion," said Peter Braffman, Managing Director of GCM Grosvenor. "They have built a differentiated platform and developed a compelling strategy in one of the most attractive residential markets globally." Danielle Even, Executive Director of GCM Grosvenor, added, "The strong local connections and project acquisition capabilities of ACP set them apart. We see great opportunities for further expansion on this foundation and look forward to working closely with the team to scale up the platform and accelerate its growth."
About Avatar Capital Partners
Avatar Capital Partners ( ACP ) is an asset management platform headquartered in Asia, with unique advantages in the field of alternative investments. The company combines a rigorous investment philosophy with a focus on fundamental investing and sustainable solutions, aiming to achieve outstanding results across market cycles. ACP's expertise in thematic investing and market insight makes it a trusted partner in the private equity sector. For more information, please visit: www.avatarcp.com.
About GCM Grosvenor
GCM Grosvenor (Nasdaq ticker: GCMG) is a global provider of alternative asset management solutions, managing approximately $97 billion in assets across private equity, infrastructure, real estate, credit, and absolute return strategies. The company has been dedicated to alternative investments for over 50 years and serves institutional and individual clients worldwide through a team of around 550 professionals. GCM Grosvenor is headquartered in Chicago and has offices in New York, Toronto, London, Frankfurt, Tokyo, Hong Kong, Seoul, and Sydney. For more information, please visit gcmgrosvenor.com.
No guarantee can be provided that any investment will achieve its objectives or avoid losses.
SOURCE Avatar Capital Partners
