CapitaLand Investment (CLI) has secured S$1.3 billion (US$950m) equity commitment from global institutional investors for
three of its private funds, bringing its total equity raised to S$3.2 billion to date this year.
The new third-party equity raised of S$1.3 billion comprises S$870 million (US$650 million) secured for CapitaLand China Opportunistic Partners Programme (CCOP Programme), S$134 million (US$100 million) for CLI’s flagship regional core-plus fund, CapitaLand Open
End Real Estate Fund (COREF), and S$263 million (US$197 million) for its new India business park development fund, CapitaLand India Growth Fund 2 (CIGF2).
Simon Treacy, CEO, Private Equity Real Estate, CLI, said: “CLI’s fundraising momentum has picked up pace, successfully raising S$3.2 billion equity to date this year to invest in real estate opportunities across the risk spectrum in Asia. This is testament to the trust that our capital partners have in our expertise in the region. Our bespoke strategy and attractive riskadjusted returns have drawn significant investor interest despite the challenging macroeconomic environment.”
“With the strong investor demand for CCOP Programme, COREF and CIGF2, we will continue to grow such scalable fund products and plan to embark on funds focused on value-add opportunities in Asia Pacific. We will continue to build up country-specific domestic funds and capital sources in China and India. We will also pursue opportunities to grow our private funds across new economy and alternative asset classes,” added Treacy.
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