CapitaLand Investment raises $190 million for South-east Asia, India private funds
– CapitaLand Investment Limited (CLI) secured a $190.53 million capital commitment from Japanese partner Mitsui O.S.K. Lines, Ltd. (MOL) for its Southeast Asia (SEA) and India private funds.
– MOL committed $94.9 million to CLI’s first logistics fund in SEA, CapitaLand SEA Logistics Fund (CSLF), marking the second close of CSLF, raising its total equity to $292 million.
– CLI is closing its $383.25 million CapitaLand India Growth Fund 2 (CIGF2) with $95.43 million from Daibiru Corporation, increasing the fund’s equity commitment.
– Funds Under Management (FUM):
– CSLF’s FUM to grow to $730 million.
– CIGF2’s FUM to exceed $730 million.
– MOL holds a 32.5% stake in CSLF, which focuses on smart logistics infrastructure in SEA.
– Daibiru Corp and Mitsubishi Estate Co., Ltd. Stakes:
– Daibiru holds a 25% stake in CIGF2, which invests in Grade A business parks in India.
– Mitsubishi Estate Co. holds a 50% stake in CIGF2.
– CLI retains a sponsor stake in both funds, ensuring alignment with capital partners.
– Investment Plans:
– CSLF will focus on greenfield and brownfield logistics investments in SEA.
– CSLF’s seed asset, OMEGA 1 Bang Na in Thailand, is a logistics campus with a gross floor area of over 2 million square feet, set to be Thailand’s largest warehouse upon completion in 2026.
– CIGF2 Investment: Daibiru’s 25% stake includes an investment in International Tech Park Chennai (ITPC-Radial Road), a 2.6 million square feet business park catering to the IT/IT-enabled services sector.
– Future Expansion: CLI plans to expand CIGF2’s portfolio with investments in key metro cities in India, including Bangalore, Mumbai, and Pune.
– MOL committed $94.9 million to CLI’s first logistics fund in SEA, CapitaLand SEA Logistics Fund (CSLF), marking the second close of CSLF, raising its total equity to $292 million.
– CLI is closing its $383.25 million CapitaLand India Growth Fund 2 (CIGF2) with $95.43 million from Daibiru Corporation, increasing the fund’s equity commitment.
– Funds Under Management (FUM):
– CSLF’s FUM to grow to $730 million.
– CIGF2’s FUM to exceed $730 million.
– MOL holds a 32.5% stake in CSLF, which focuses on smart logistics infrastructure in SEA.
– Daibiru Corp and Mitsubishi Estate Co., Ltd. Stakes:
– Daibiru holds a 25% stake in CIGF2, which invests in Grade A business parks in India.
– Mitsubishi Estate Co. holds a 50% stake in CIGF2.
– CLI retains a sponsor stake in both funds, ensuring alignment with capital partners.
– Investment Plans:
– CSLF will focus on greenfield and brownfield logistics investments in SEA.
– CSLF’s seed asset, OMEGA 1 Bang Na in Thailand, is a logistics campus with a gross floor area of over 2 million square feet, set to be Thailand’s largest warehouse upon completion in 2026.
– CIGF2 Investment: Daibiru’s 25% stake includes an investment in International Tech Park Chennai (ITPC-Radial Road), a 2.6 million square feet business park catering to the IT/IT-enabled services sector.
– Future Expansion: CLI plans to expand CIGF2’s portfolio with investments in key metro cities in India, including Bangalore, Mumbai, and Pune.