CapitaLand Investment (CLI) has raised US$320 million (S$403 million) for its second Asia-Pacific real estate credit fund, CapitaLand Asia Pacific Credit Programme II (ACP II).
The latest fund marks the second vehicle under the Temasek-linked group’s flagship real estate credit strategy. Following its final close, ACP II has added around US$600 million to CLI’s total funds under management.
The fund attracted capital from a mix of new and existing investors across the Asia-Pacific region, including insurers, financial institutions and family offices. CLI has also committed 20% as a sponsor stake in the fund.
According to Kishore Moorjani, CEO of alternatives, private funds at CLI, the fund’s strategy focuses on senior secured, asset-backed investments, positioning it more defensively amid broader credit market challenges. The group also aims to further scale its asset-light fund management platform.
ACP II has already been deployed into five first mortgage loans, backing logistics, office and residential assets in key markets such as Sydney and the Seoul Metropolitan Area.
The fund follows the successful exit of CLI’s first credit programme (ACP I), which invested A$265 million across two mixed-use developments in Melbourne and Adelaide.
