Azerbaijan fund commits $100m to e-Shang Redwood's Japan vehicle
Azerbaijan’s state oil fund (SOFAZ) has agreed to invest $100 million in a Japan-focused logistics vehicle being raised by e-Shang Redwood (ESR), a pan-Asian logistics services company that has a string of private equity backers.
The vehicle has a target size of $1 billion and is looking to deliver a 15% IRR over 5-7 years through investments in institutional quality logistics centers in Tokyo, Osaka and Nagoya, all of which are...
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