HONG KONG, March 3, 2011 /PRNewswire-Asia/ -- Harvest Capital Partners Limited ("Harvest Capital"), a specialized real estate investment and asset management firm, is delighted to announce that it has been named "Asia Firm of the Year" by PERE magazine in the Global PERE 2010 Awards. These awards are among the most prestigious accolades for the global private equity real estate industry.
Commenting on the award, PERE magazine said: "Harvest has had a good 2010. Starting the year with the announcement it had corralled US$325 million for its CR China Retail Real Estate Development Fund, the firm led by chief executive officer Rong Ren clearly gained traction from international investors at a time when others struggled. The final closing for the fund and its sister effort, an income producing assets fund also focused on retail, are yet to be formerly announced but PERE understands the firm managed to attract US$800 million for them both, one of the highest equity hauls by any firm across Asia last year."
Harvest Capital's Rong Ren said: "We are both gratified and humbled to have been chosen by our peers and industry followers for this prestigious award. Our unique platform and hybrid business model for China has resonated deeply with investors and borne fruit for our LPs in 2010."
This recognition comes on the back of the 2010 Triple-A Asset Awards, at which Harvest Capital was named "Property Investor of the Year - China".
About The PERE 2010 Awards & PERE magazine
The PERE Awards are highly regarded and independent. There is no sponsorship or panel of judges. Readers get the chance to nominate and vote for the people and organizations which mattered most over the course of the year. PERE magazine and its news website PERENews.com (formerly PrivateEquityRealEstate.com) is the leading source of market intelligence on fundraising, institutional investment real estate allocation trends, interviews with industry leaders, special reports and exclusive industry data.
About Harvest Capital Partners
Harvest Capital Partners is an investment firm that specializes in real estate investment and asset management with a single-market focus on Greater China. It currently manages approximately US$1.8 billion in equity in five existing funds. Bringing together an unparalleled cross-border and cross-disciplinary team of property investment professionals, and with the backing of its majority owner, leading conglomerate China Resources Group, it is uniquely positioned to identify and capitalize on prime and off-market transactions.
