This capital raise “far exceeds” the original capital target as its investors see a significant recovery in the region’s recovery from the Covid-19 pandemic, says PGIM Real Estate. “The successful fund raise demonstrates continued confidence in our platform’s ability to deliver attractive risk adjusted returns and the belief that the Asia Pacific region is poised to lead the global recovery from the Covid-19 crisis,” says Benett Theseira, head of Asia Pacific, PGIM Real Estate.