Capitaland Investment

[weijian]

Capitaland@374 2318@77.85

In June 2021, CapitaLand registered as a private equity fund manager in China, in order to conduct RMB-denominated fund raising and provide fund management (FM) services in China.
The direct access to onshore RBM funding is expected to open up more capital partnership opportunities with domestic institutional investors.

Fund Mgt is a sticky and scalable business. The only unfortunate thing about CLIM is that ~80% of its current income is still from been a property/REIT owner.

But for anyone looking to invest in REITs, CLIM looks to be a better choice than investing directly in REITs.

CapitaLand Investment establishes two onshore RMB funds totalling about RMB4 billion to invest in business parks in China

CLI has raised RMB3.2 billion (S$640 million) in third-party capital for the two funds. They are CLI’s first business park private funds in China and will add over RMB8.2 billion (S$1.6 billion) to CLI’s funds under management (FUM) when fully deployed.

Aligned with its asset-light strategy to grow its FUM, CLI will hold a 10% and 20% stake in the funds respectively

https://links.sgx.com/FileOpen/CLI%20est...eID=737395