When CLI’s acquisition of the 40% stake in SCCP is completed, it will increase CLI’s FUM by $11 billion, strengthening its foothold as one of Asia Pacific’s largest real asset managers with a combined FUM of $113 billion.
On Nov 20 CapitaLand Investment Limited (CLI), announced it has entered into an agreement to acquire a 40% stake in SC Capital Partners Group (SCCP) for $280 million, and the remaining stake in SCCP in phases over the next five years, subject to the fulfilment of conditions. This provides an orderly and aligned pathway for CLI’s full ownership of SCCP by 2030, CLI says in a press release. As part of the partnership, CLI will also invest a minimum of $524 million in strategic capital in SCCP’s fund strategies to support the growth of the platform.
SCCP is an Asia Pacific real estate investment manager headquartered in Singapore with a presence across eight locations in the region, and has total funds under management (FUM) of $11 billion.
