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Fundraising - JUNE 22, 2022

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CapitaLand Investment launches first onshore RMB fund in China

by Kali Persall

CapitaLand Investment (CLI) has launched its first onshore renminbi (RMB) fund in China, in partnership with a domestic asset management company. CLI holds a 12 percent stake in the RMB700 million ($104 million) fund.

“CLI’s first onshore RMB fund will further expand our private fund management business, one of CLI’s key growth drivers,” said Simon Treacy, CEO of private equity real estate, real assets, at CLI. “We are increasing our fundraising channels by tapping on China’s domestic capital, which we believe represents a deep pool of investable capital that enables CLI to further build on its experience and track record in the country.”

He added, “We will look at launching more RMB funds, and work with both our domestic and international network of capital partners to capture special situations as well as other investment opportunities in China, across different asset classes.”

The RMB fund is already seeking to capitalize on a special situat

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