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SC Capital Partners Group has held a final closing for its fifth discretionary real estate private equity fund, Real Estate Capital Asia Partners V (RECAP V).
The total capital raising of $850 million comprises $650 million of fund equity commitments, plus $200 million of co-investment interest from existing RECAP V investors.
RECAP V held its final close on May 21, 2019, raising institutional capital from North America, Europe and Asia Pacific, including public and private pension funds, university endowments, asset managers, private foundations, family offices, insurance companies, and funds of funds.
The RECAP V investment strategy is similar to its successful predecessor RECAP funds, with a focus on acquiring a portfolio of pan Asia Pacific real estate investments through a disciplined investment approach of targeting undervalued, undermanaged and distressed assets and special situations.
“We continue to see elevated valuations in most markets in th