London-based real estate investment firm Castleforge has launched Catenary Capital Sdn Bhd, a new private equity real estate (PERE) manager, based in Malaysia, established in partnership with Foster Capital Sdn Bhd.
Catenary Capital has been formed under Kumpulan Wang Persaraan (Diperbadankan) (KWAP)’s Dana Pemacu initiative, a Malaysian government-linked program designed to catalyze private market investment and support the development of domestic investment capabilities.
Catenary Capital is registered with the Securities Commission Malaysia and has been created to manage and invest institutional capital into selected real estate sectors. Its initial separate managed account with KWAP is for MYR 500 million ($128 million) with a mandate to invest in Sharia-compliant real estate opportunities in Malaysia and internationally.
Participating as global co-general partner, Castleforge will provide strategic oversight, investment and operating platform experience, w
