“Our disciplined focus on senior secured, asset-backed investments positions us away from the challenges currently facing the wider credit sector,” says Kishore Moorjani, CLI’s CEO of alternatives, private funds. “We remain committed to scale our asset-light fund management platform.”
CapitaLand Investment (CLI) (SGX:9CI
) says it has raised US$320 million ($403 million) for its Asia-Pacific real estate credit fund, CapitaLand Asia Pacific Credit Program II (ACP II). ACP II is the second regional fund under the Temasek-linked property manager's flagship real estate credit series.
According to a statement from CLI on April 13, the final close of ACP II adds about US$600 million to its funds under management. The fund drew capital from a diverse group of new and existing investors in the Asia Pacific, including insurers, financial institutions and family offices. CLI holds a 20% sponsor commitment in the fund.
