KTB Asset Management approves $472m commitment

The South Korean asset manager has backed a US real estate debt fund.

Institution: KTB Asset Management
Headquarters: Seoul, South Korea
AUM: 12.84 trillion Korean won

KTB Asset Management has agreed to commit 550 billion Korean won ($472 million; €401 million) to Bridge Debt Strategies Fund IV. The fund is managed by Bridge Investment Group, and will invest in multifamily residential housing loans in the US.

The South Korean asset manager has chosen a vehicle focused on the origination debt in North America.

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