Composition Capital launches Taiwanese real estate JV

According to Composition, the company, held within its Asia Fund II, has domestic development experience. The parties will invest in urban regeneration projects in Taipei, with a focus on local-scale residential markets. The partnership was brokered in September, and initial investments are slated to be completed before the year's end.

"Taiwan's urban regeneration program is well-defined with established procedures, within an economy we believe is a sound investment environment with potential for long-term growth," Composition's Asia Director Bill Shaw said in a release. "With our local partner, we are able to access niche market opportunities, which are not readily available to international investors and generally not of sufficient scale to be of interest to larger, market dominating, local developers."

Additionally, Composition is preparing to close two more investments in its second Asia fund within the next month, at which time the vehicle's capital will be fully deployed. The firm then plans on launching its Asia Fund III, which will target small- and mid-cap opportunities in select markets and sectors across Asia.

Composition claims more than $800 million under management across four funds in Europe and Asia, and plans the launch of another fund in Europe in addition to Asia Fund III this year. Its 20 global LPs are predominantly comprised of pension systems, university endowments and foundations.

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• Topics
• Real estate
• Greater China
• Taiwan (China)
• Real estate
• Joint Venture
• Composition Capital Partners