Hillhouse Investment-backed Rava Partners agreed to acquire a majority stake in Dash Living for $150m.

Hillhouse Investment-backed Rava Partners, a real asset platform, agreed to acquire a majority stake in Dash Living, a provider of rental housing in Hong Kong, Singapore, Japan, and Australia, for $150m. “We are highly impressed with Dash Living’s growth trajectory and management expertise. We are excited to support Dash Living in its next phase of development and are committed to elevating it to become the leading living sector asset management platform in Asia Pacific.” Joe Gagnon, Rava Partners co-head of real assets.