SHK & Co. seeks up to $300m for new Asia Pacific debt fund

Sun Hung Kai & Co. (SHK & Co.) is seeking between $200 million and $300 million for its newly launched real estate debt fund.

The debt fund will be managed by SHK &Co.’s in-house real estate investment group, Multiple Capital Investment Partners (MCIP).

MCIP is focused on investing in high-quality mortgage loans in developed markets, for development, repositioning or refinancing of the properties. The firm targets markets in Australia and New Zealand, Greater China, South Korea, and Southeast Asia, and will also consider the United Kingdom and some European Union countries on an opportunistic basis.

The fund will invest in first and second mortgages for commercial and residential real estate in Asia Pacific over its five-year life, taking advantage of Asia’s secular growth trends, while securing downside protection and generating yield.

“We see compelling investment opportunities to make attractive risk-adjusted returns by extending loan