SC Capital Partners taps into the Japanese real estate NPL market

SC Capital Partners Group, a Singapore-headquartered private equity real estate firm, has acquired a portfolio of real estate nonperforming loans (NPLs) in Japan on behalf of its latest closed-end opportunistic fund, Real Estate Capital Asia Partners V (RECAP V).

The portfolio, which was acquired from a regional bank, is collateralized mainly by residential assets, which are largely located in and around Osaka.

Through exposure to these underlying assets, RECAP V is able to take advantage of the strong residential market in Japan, which has experienced large capital inflows from domestic and foreign investors.

The latest acquisition is a continuation of RECAP V’s investment strategy within the growing Asia Pacific real estate credit market, having recently executed two other credit deals in the region.

Suchad Chiaranussati, founder and chairman of SC Capital Partners, commented, "We’ve been seeing an increasing number of opportunities in the real esta