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Beijing’s financial district. Photo by Shutterstock.

NEW YORK CITY—Angelo, Gordon & Co., L.P., a credit and real estate investment firm valued at $34 billion, has closed AG Asia Realty Fund IV with $1.3 billion in equity commitments. The fund will focus on value-add and development opportunities in major Asian markets, acquiring assets for repositioning, lease-up for stabilization and select sites for development. Japan, China, South Korea and Hong Kong are at the top of its list.

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