Avatar Capital Partners Secures US$156 Million First Close for Fund II and Forms Strategic Partnership with GCM Grosvenor and Teacher Retirement System of Texas
PR Newswire•12/11/2026•21:00 ET
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Key Highlights
- ➤Fund II secures US$156 million first close toward US$300 million target
- ➤GCM Grosvenor and TRS commit up to US$100 million as anchor investors
- ➤Fund I fully deployed within 12 months and completed five successful exits
- ➤ACP’s multifamily portfolio reaches nearly US$850 million gross asset value
- ➤GCM Grosvenor forms strategic partnership supporting ACP’s institutional expansion
Expert Statements
Angel Li, Founding Partner at Avatar Capital Partners
“We are thrilled to welcome GCM Grosvenor and TRS as strategic partners.”
Ryuta Ueda, Founding Partner at Avatar Capital Partners
“Our deep local relationships provide access to opportunities beyond traditional sourcing channels,”
Ronald Chiu, Founding Partner at Avatar Capital Partners
“Fund II positions us to capitalize on a growing pipeline of high‑quality opportunities across Japan's living sector.”
Peter Braffman, Managing Director at GCM Grosvenor
“We are excited to partner with Angel, Ryuta, Ronald and the broader ACP team to help drive the firm's next phase of growth and expansion”
Peter Braffman, Managing Director at GCM Grosvenor
“They have built a differentiated platform with a compelling strategy in one of the most attractive residential markets globally.”
Danielle Even, Executive Director at GCM Grosvenor
“ACP's deep local relationships and sourcing capabilities set it apart. We see tremendous opportunity to build on that foundation and look forward to working closely with the team to scale the platform and accelerate its growth.”
Avatar Capital Partners Secures US$156 Million First Close for Fund II and Forms Strategic Partnership with GCM Grosvenor and Teacher Retirement System of Texas PR Newswire
Fund II is targeting US$300 million focused on the Japan living sector, following the full deployment of Fund I and five successful exits within just 12 months of its final closing.
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