CapitaLand Investment Ltd. (CLI), a global real asset manager, has closed its second onshore subfund, China Retail RMB Fund I (CRF I), under the CLI RMB Master Fund.
In addition to the equity commitment from the Master Fund, CLI has secured several onshore institutional investors, bringing the total fund size to RMB 1 billion (S$183 million/$142 million). CRF I is expected to add RMB 1.48 billion (S$271 million/$210 million) to CLI’s funds under management when fully deployed. With this close, CLI has raised nearly RMB 55 billion (S$10 billion/$7.74 billion) of domestic capital across nine onshore funds since 2021, reflecting the depth of investor demand and CLI’s proven ability to scale through trusted partnerships and disciplined execution.
CLI will recapitalize CapitaMall Xinduxin by realizing value through its sale as the seed asset to CRF I. Located in Qingdao’s Shibei District, CapitaMall Xinduxin is a prime retail asset with a gross floor area of 141,000
