CapitaLand Investment Secures S$1.3B for Private Funds
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.
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