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.