CapitaLand Investment Limited (CLI) has achieved final close for its value-added lodging private fund, CapitaLand Ascott Residence Asia Fund II (CLARA II), securing more than $650 million in total equity commitments and co-investments across the fund and associated vehicles.
This is above the fund’s $600 million equity target and underscores continued investor confidence in the living and lodging sector as well as CLI’s investment and operational expertise in Asia Pacific.
CLARA II will add approximately $1.6 billion to CLI’s total funds under management. Global investors in the fund include new and repeat capital partners, comprising a diverse pool of institutional investors, pension funds and financial institutions from Asia, Europe and North America. CLI has committed a 20 percent sponsor stake to ensure strong alignment.
CLARA II targets opportunities in the living and lodging sector across gateway cities in Asia Pacific, focusing on unlocking value b
