Singapore-based SC Capital Partners has closed its Japan Hospitality Fund with backing from two large global institutional investors.
The investors, along with SC Capital Partners as general partner, made a ¥61 billion ($500 million) initial commitment to the strategy, with a further top-up option to increase total commitments to ¥122 billion ($1 billion) of equity.
The fund will focus on acquiring, minorly repositioning and/or operating hospitality-related investments across Japan, including real estate, trust beneficiary interests representing real estate, companies and REITs.
“The current environment is causing market dislocation and funding gaps, and we believe there is a compelling investment opportunity in Japan hospitality which SC Capital Partners Group, as a platform, is uniquely positioned to execute on,” said Suchad Chiaranussati, chairman and founder of SC Capital Partners. “We are excited to partner with two very reputable global investors a
