PAG is a private asset manager for institutional investors. We do not provide investment advice or services for individual retail investors. We do not solicit or contact individual investors via chat, text or social messaging applications.

PAG Real Assets grew out of Secured Capital Japan, which was established in 1997 as a pioneer in real estate and distressed asset investing in the Japan market.

Our proven track record spans multiple market cycles. We invest in strategies ranging from hard asset acquisitions to investments in real estate companies and real estate secured distressed debt.

Our network includes on-the-ground expertise in Japan, China, Hong Kong, Singapore, Australia and Korea. Our contacts and relationships span the Asia-Pacific region.

Fast facts

USD43 billion
invested in over 7,400 properties across Asia since inception
170+
real assets-focused team members region-wide

A unique, flexible approach

We find opportunities for direct and indirect investment in opportunistic, value-add and core-plus real estate strategies.

We also have unique in-house asset management capabilities, allowing us to unlock value through prudent and cost-effective property management with a strong focus on service.

Creating value

PAG Real Assets aims to create sustainable, risk-adjusted investment returns for investors by deploying our tested skill base in underwriting, structuring and executing various value enhancement and exit strategies. This is supported by our strong sourcing network, which has been developed over more than two decades in the market.

Our core strength is a deep local knowledge and understanding of both property markets and capital markets, which allows us to take advantage of the right opportunities at the right time.

Asset management

Capable asset management is a critical foundation for superior investment returns. PAG has built a strong group of dedicated, in-house asset managers to maximize the investment returns of our portfolio.

Our dedicated teams in our key markets manage assets acquired by our funds.

FLOW Digital Infrastructure

FLOW Digital Infrastructure is a data centre and digital infrastructure platform focused on APAC founded by PAG.

The company invests and operates in the key physical assets of the digital infrastructure ecosystem, including cloud, hyperscale and enterprise data centers as well as network and fiber assets, across the Asia Pacific region. For more information, visit www.flowdigital.com 

 

PAG Renewables

PAG Renewables is a wholly owned subsidiary of PAG created to accelerate the clean energy transition in Asia Pacific, following the acquisition of First Solar Japan’s development and operations platform and best-in-class team. The company invests in and operates socially responsible renewable assets and platforms across the region.

Responsible
investing

GRESB 

PAG Real Assets is a participant in GRESB, the global ESG benchmark for real assets, committed to assessing and enhancing environmental, social and governance standards across its portfolio of properties.

Our real
estate funds

SCREP

The SCREP series focuses on opportunistic real estate investments in hard assets as well as corporate M&A restructuring and distressed debt across sectors in mature APAC markets. The latest fund in the series, SCREP VIII, closed in January 2025 with USD4 billion in total capital commitments.

PREP

Our PREP series of funds focuses on core-plus/value-add investment targeting mispriced, high-quality, well-located buildings with asset management upside including office, industrial logistics, multifamily, and retail in key APAC gateway cities. The latest fund in the series, PREP III, closed in August 2023 with USD1.8 billion in capital commitments.

REN

The REN series focuses on physical renewable energy assets in Asia, primarily solar investments. PAG’s first REN fund, PAG REN I, closed in May 2024 with USD550 million in capital commitments.