Arch Capital’s latest fund half-way to $500 million target

Arch Capital is half-way to reaching its $500 million target for a new pan-Asian property fund – its first product launch since US hedge fund The Rohatyn Group (TRG) took a 50% stake in the firm in March this year. Arch Capital-TRG Asian Partners LP has held a first close at $220 million, closely following its launch in May. It is targeting an annual internal rate of return of 18-20% and is on track for a planned final close in December, says Leonard Wei, chief operating officer a…