Overview

Carlyle's Asian real estate team seeks value-oriented investments with repositioning or redevelopment opportunities and development projects in primary cities across China and Japan.

Carlyle Asia Real Estate Partners

Launched in 2005 with $410 million of equity capital, this fund targets value-oriented real estate investments and development projects in Asia with a primary focus in China and Japan.

Investment Industry Acquired Status
Kaisa Group Holdings Ltd.

Kaisa Group Holdings Ltd. is a property developer mainly focusing on the residential sector in Shenzhen and the Pearl River Delta Area (PRD). The company’s strategy is to build its leading market position in Shenzhen and other PRD cities, while simultaneously seeking opportunistic expansions in the Yangtze River Delta and Pan-Bohai regions, as well as other select provincial capital cities in China.

Real Estate Exited
Carlyle Asia Real Estate Partners II

Launched in 2008 with $486 million of equity capital, this fund targets value-oriented real estate investments and development projects in Asia with a primary focus in China and Japan.

Investment Industry Acquired Status
Kaisa Group Holdings Ltd.

Kaisa Group Holdings Ltd. is a property developer mainly focusing on the residential sector in Shenzhen and the Pearl River Delta Area (PRD). The company’s strategy is to build its leading market position in Shenzhen and other PRD cities, while simultaneously seeking opportunistic expansions in the Yangtze River Delta and Pan-Bohai regions, as well as other select provincial capital cities in China.

Real Estate Exited

The investment approach of Carlyle's Asian real estate team comprises the following four major principles:

  • Market-Focused Approach: Carlyle utilizes local market deal teams with a strong knowledge of local and global capital markets. Focusing on market fundamentals, we target the strongest assets in our primary markets of China and Japan.
  • Proactive Deal Creation: By employing a proactive opportunistic investment strategy, Carlyle generates and evaluates highly selective deals on an exclusive directly negotiated basis with motivated sellers. We provide speed and certainty in committing to complex transactions.
  • Active Management: Investment professionals devote a significant amount of their time working closely with local operating partners to create value through active management. Carlyle establishes a business plan for each asset identifying strategies to optimize income and position each asset for timely exits.
  • The Carlyle Platform: We coordinate closely with other Carlyle funds, particularly Carlyle funds in Asia, to maximize the synergistic benefits of Carlyle’s global platform. We believe this cooperation and coordination across disciplines within Carlyle provides us with a competitive edge.
Team Member Title Location Industry
Han Chen Managing Director Shanghai, China Real Estate
Jason Hsu Vice President Shanghai, China Real Estate
Chris Jin Senior Associate Shanghai, China Real Estate
James Y. Kim Managing Director Sydney, Australia Real Estate
Jason H. Lee Managing Director Hong Kong, China Real Estate
Chris Luan Vice President Shanghai, China Real Estate
Ellen Miao Senior Associate Shanghai, China Real Estate
Shirlene Song Managing Director Shanghai, China Real Estate
Victor Tsui Associate Shanghai, China