CapitaLand Investment hits $403m final close for second APAC credit fund

ACP II is allocated to five first mortgage loans in Sydney and Seoul.

CapitaLand Investment Limited (CLI) reached the final close of its second Asia-Pacific real estate credit fund with $403m (US$320m) in equity commitments, adding over $750m (US$600m) to its funds under management.

The CapitaLand Asia Pacific Credit Program II (ACP II) focuses on senior secured, asset-backed real estate credit.

ACP II is allocated to five first mortgage loans for logistics, office and living assets located in Sydney, Australia, and the Seoul Metropolitan Area in South Korea.

The fund attracted capital from insurers, financial institutions and family offices, with CLI committing 20% as sponsor.

The closing comes as bank lending conditions tighten, increasing demand for alternative financing, the group said.

Real estate-backed lending in the Asia-Pacific accounted for 6% of total financing compared with 21% in Europe and 41% in the US.

The fund’s final close comes after the full realisation of ACP I, CLI’s inaugural credit programme.

The $240m (A$265m) fund financed two prime mixed-use developments in Melbourne and Adelaide.

In South Korea, the group’s $154.1m (KRW180b) Korea Credit Program, in partnership with Korea Investment & Securities, has been fully deployed across diversified asset classes in Seoul.

Follow the link for more news on

CapitaLand Investment Limited

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia