SC Investment raises $310m for Asian core fund
Singapore-based SC Investment Management has raised $310 million for SC Core Fund, according to the firm. The core/core-plus open-end real estate fund will invest in office, multifamily, retail, senior housing and student housing properties throughout Asia Pacific.
SC Core Fundlaunched in August 2015 with a $400 million fundraising target. The firm expects to raise anywhere between $400 million and $550 million in equity commitments for the fund. The firm originally had a target close date for the fund set for the end of March; however, it is now expected to close around June 30, according to the firm.
The fund previously received commitments from the $19.3 billion Wyoming Sta