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Sign in Sign up for a FREE subscriptionCapitaLand launches second India logistics fund
Singapore-based CapitaLand has launched a new fund to bolster its foothold in India’s logistics sector, according to several media sources.
The INR 2,250 crore ($296.8 million) CapitaLand India Logistics Fund II will invest in the development of logistics assets in key warehousing and manufacturing hubs in six big cities and emerging markets. The vehicle is expected to increase the firm’s total funds under management to S$79.2 billion ($59 billion) across more than 20 private funds and six listed trusts.
“The launch of CapitaLand’s second logistics fund in India is in line with the group’s strategy to expand our fund management business to generate recurring fee related earnings and grow the group’s assets under management in a capital efficient way,” said Jonathan Yap, president of CapitaLand Financial, CapitaLand Group, who oversees CapitaLand’s business in India.
Yap said the goal is to grow CapitaLand’s funds under management to at least S$
