Fifth Wall Expands Into APAC With The Addition Of Real Estate Industry Veteran & Opening Of Singapore Office
Business Wire India
Fifth Wall—the 1largest venture wanted firm focused on technology for the global real manor industry—including those which decarbonize the sector, today spoken its expansion into Asia-Pacific (APAC) with the notable visit of industry veteran Yvonne Voon as a Partner tent APAC and opening of the firm’s Singapore office, its first in the region.
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Yvonne Voon, Partner, APAC (Photo: Business Wire)
Fifth Wall is the largest built world technology investor with a focus on PropTech and Climate Techin North America and Europe self-aggrandizing increasingly than 110 strategic limited partners (LPs) from increasingly than 15 variegated countries with approximately $3.2B under management. Fifth Wall has previously attracted some of the leading APAC investors including CDL, Keppel Land, MITSUBISHI ESTATE CO., LTD, and NZ Super Fund, among others.
“As the largest and most zippy built world technology investor wideness North America and Europe, Fifth Wall has long had ambitions of expanding into Asia,” said Brendan Wallace, Co-Founder & Managing Partner at Fifth Wall. “We are thrilled to welcome a senior leader like Yvonne to our team to remoter propel our transferral to PropTech and Climate Tech globally, replicating our leading position with an expansion to Asia.”
Voon joins the firm without serving as Head of Group Wanted Raising for APAC logistics property specialist, LOGOS Property. Prior to LOGOS, Voon had a nearly fourteen year tenure at Credit Suisse, most recently serving as the global investment bank’s Head of Southeast Asia Real Estate, Investment Banking and Wanted Markets. Voon holds a Bachelor of Commerce from The University of Melbourne. Voon’s based in Singapore.
“Over the undertow of my tenure fostering and expanding investor relations, Fifth Wall and their expansive LP network wideness both the US and Europe has long been on my radar,” stated Voon. “I am excited to leverage my long-standing investor relationships and deep market expertise at the hair-trigger intersection of technology and real manor to help slide the growth of PropTech and Climate Tech wideness the APAC region.”
Since Fifth Wall was founded in 2016, PropTech investment in North America grew at a recipe yearly growth rate of 43% while APAC (ex-China) has grown at a rate of 58%. Today, investment in PropTech is growing faster in APAC than the global growth rate of 26%. The PropTech ecosystem in the region is flourishing, garnering increasing interest from North American VCs, with over 1,000 North American VCs zippy in Asia.
About Fifth Wall
Founded in 2016, Fifth Wall, a Certified B Corporation, is the largest venture wanted firm focused on technology for the global real manor industry. With approximately $3.2B in commitments and wanted under management, Fifth Wall connects many of the world's largest owners and operators of real manor with the entrepreneurs who are redefining the future of the Built World. Fifth Wall is backed by a global mix of increasingly than 110 strategic limited partners (LPs) from increasingly than 15 countries, including BNP Paribas Real Estate, British Land, CBRE, Cushman & Wakefield, Hilton, Host Hotels & Resorts, Ivanhoé Cambridge, Kimco Realty Corporation, Lennar, Lowe's Home Improvement, Marriott International, MetLife Investment Management, MGM Resorts, Related Companies, Starwood Capital, Toll Brothers, and others. Fifth Wall believes this consortium represents one of the largest groups of potential partners in the global Built World ecosystem, which can result in transformational investments and collaborations with promising portfolio companies. For increasingly information well-nigh Fifth Wall, its LPs, and portfolio, visit www.fifthwall.com.
1Based on resources under management as of January 12th, 2023
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