Capitaland Investment Secures S$1.3b For Private Funds

By Author: Ben Gross
Total Articles: 395
Comment this article

CapitaLand Investment Limited (CLI) has successfully secured approximately S$1.3 billion (US$950 million) in equity commitments from global institutional investors for three of its private funds. This achievement marks a significant increase, with a 28% rise compared to the S$2.5 billion raised in the entire year of 2022. The new equity commitment includes S$870 million (US$650 million) for the CapitaLand China Opportunistic Partners Programme (CCOP Programme), S$134 million (US$100 million) for the CapitaLand Open End Real Estate Fund (COREF), and S$263 million (US$197 million) for the CapitaLand India Growth Fund 2 (CIGF2).
CLI's CEO of Private Equity Real Estate, Mr. Simon Treacy, highlighted the company's fundraising momentum and emphasized the trust that capital partners place in their regional expertise. CLI plans to continue expanding scalable fund products and exploring value-add opportunities in the Asia Pacific region. The company also intends to focus on country-specific domestic funds in China and India and explore growth opportunities in new economy and alternative asset classes.
The success of CLI's ...
... fundraising efforts underscores its ability to seize investment opportunities, enhance asset value, and drive capital deployment. The company's disciplined capital recycling efforts and strategic divestments demonstrate its commitment to providing solid asset pipelines to support fund growth. CLI's private funds have experienced strong momentum, with the CapitaLand China Data Centre Partners (CDCP) fund also playing a key role in its growth strategy. As of June 30, 2023, CLI's private funds' assets under management stood at S$29 billion, a 12% increase compared to the first half of 2022.
More Information : https://www.techdogs.com/tech-news/pr-newswire/capitaland-investment-raises-additional-s13-billion-third-party-equity-commitment-for-its-private-funds