CapitaLand Raises $320 Million for Asia-Pacific Credit Fund

Singapore’s CapitaLand Investment Ltd. raised $320 million for its Asia-Pacific real estate credit fund, completing a fundraise for the firm controlled by Temasek Holdings Pte.

ACP II attracted a diverse pool of investors, primarily from Asia Pacific, including both new and existing partners, according to a statement Monday. CapitaLand Investment, known as CLI, committed 20% as a sponsor. The fund has already been allocated to five first mortgage loans across logistics, office and living assets in Sydney and the Seoul Metropolitan Area as part of its plan to scale its asset-light fund management platform, the release said.