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CLI lands $261m from Mitsui O.S.K. Lines for SEA and India private funds

The SEA and India funds received $130m and $131m, respectively.

CapitaLand Investment (CLI) secured a $261m capital commitment from Japan-based shipping company Mitsui O.S.K. Lines (MOL) for its private funds in Southeast Asia and India.

MOL committed $130m to CLI’s SEA Logistics Fund (CSLF) and $131m to CapitaLand India Growth Fund 2 (CIGF2) through its real estate subsidiary, Daibiru Corporation.

With MOL’s commitments, CSLF’s equity size has ballooned to $400m. 

The commitment from MOL also increased CSLF’s and CIGF2’s potential funds under management to $1b and more than $1b, respectively.

MOL has a 32.5% stake in CSLF, whilst Daibiru holds a 25% effective stake in CIGF2.

CSLF invests in and develops smart logistics infrastructure in SEA and CIGF2 invests in Grade A business parks in prime locations across gateway cities in India.

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