CapitaLand raises fresh capital of $645m for CapitaLand China Opportunistic Partners Program
CapitaLand Investment (CLI) has successfully secured about S$1.3 billion ($965 million) equity commitment from global institutional investors for three of its private funds recently, bringing its total equity raised to S$3.2 billion ($2.4 billion) to date this year. This amount raised within eight months is a 28 percent increase compared with the S$2.5 billion ($1.9 billion) of equity raised for all of 2022.
The new third-party equity raised of S$1.3 billion ($965 million) comprises S$870 million ($646 million) secured for CapitaLand China Opportunistic Partners Program (CCOP Programme), S$134 million ($100 million) for CLI’s flagship regional core-plus fund, CapitaLand Open End Real Estate Fund (COREF), and S$263 million ($195 million) for its new India business park development fund, CapitaLand India Growth Fund 2 (CIGF2).
Since CCOP Program was established in February 2023 to invest in special-situation opportunities in China, the total equity committed to the C