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CapitaLand announces launch of US$750 mil discretionary real estate debt fund in China

Michelle Zhu
Michelle Zhu2/27/2019 08:03 AM GMT+08  • 2 min read
CapitaLand announces launch of US$750 mil discretionary real estate debt fund in China
SINGAPORE (Feb 27): CapitaLand has announced the first closing of its first discretionary real estate debt fund, which the group will hold a 10% stake in. 
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SINGAPORE (Feb 27): CapitaLand has announced the first closing of its first discretionary real estate debt fund, which the group will hold a 10% stake in.

Dubbed “CREDO | China”, the fund has a target capital raise of US$750 million ($1 billion), and will invest in offshore USD-denominated subordinated instruments for real estate in China’s first- and second-tier cities.

The group has raised over 70% of the capital or US$556 million for the first closing, and expects subsequent commitments from major institutional investors later this year.

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