Platform: Taiga (formerly Hayato)

Sector: Commercial

Region: Japan

Date of Initial Investment: 2004

Business Description: Formed in 2004 to target value-add and opportunistic investments in Japanese commercial real estate assets and businesses. The platform sought to purchase assets at historically low property values at a time when real estate fundamentals in Japan were stabilizing and showing early signs of recovery. Taiga benefited from a robust pipeline of largely negotiated transactions through its extensive local network and, since inception, it has invested in 67 real estate assets and businesses. Taiga has created value at the asset level by restructuring land and building ownership, creative space configuration, proactive management of leases, and capital structure optimization.