Latest news with #PuahTzeShyang
Malay Mail
21-05-2025
- Business
- Malay Mail
Singapore's CapitaLand Investment launches first onshore master fund in China
SINGAPORE, May 21 — Real estate investment manager CapitaLand Investment Ltd said today that it has launched its first onshore master fund in China, backed by a total equity commitment of 5 billion yuan (RM2.96 billion). The Singapore-based company said its new fund, CLI RMB Master Fund, will target business parks, retail, rental housing, and serviced residences, with a majority stake to be held by a local insurance company. 'This (the fund) allows us to tap into a rising trend of insurance companies increasing their capital allocation to real estate in China,' said Puah Tze Shyang, chief executive officer, CapitaLand Investment China, adding that it will provide opportunities to invest in a diversified and resilient portfolio of stabilised assets with core returns. The company expects the CLI RMB Master Fund to add 20 billion yuan to its funds under management once fully deployed.
Reuters
21-05-2025
- Business
- Reuters
Singapore's CapitaLand Investment launches first onshore master fund in China
May 21 (Reuters) - Real estate investment manager CapitaLand Investment Ltd ( opens new tab said on Wednesday that it has launched its first onshore master fund in China, backed by a total equity commitment of 5 billion yuan ($692.58 million). The Singapore-based company said its new fund, CLI RMB Master Fund, will target business parks, retail, rental housing, and serviced residences, with a majority stake to be held by a local insurance company. "This (the fund) allows us to tap into a rising trend of insurance companies increasing their capital allocation to real estate in China," said Puah Tze Shyang, chief executive officer, CapitaLand Investment China, adding that it will provide opportunities to invest in a diversified and resilient portfolio of stabilised assets with core returns. The company expects the CLI RMB Master Fund to add 20 billion yuan to its funds under management once fully deployed. ($1 = 7.2194 Chinese yuan)
Business Times
21-05-2025
- Business
- Business Times
CapitaLand Investment launches its first onshore China master fund with 5 billion yuan in equity
[SINGAPORE] CapitaLand Investment (CLI) on Wednesday (May 21) announced the launch of its first onshore master fund in China, the CLI RMB Master Fund. With a total equity commitment of five billion yuan (S$921 million), the fund will contribute 20 billion yuan to CLI's funds under management (FUM) when fully deployed. The CLI RMB Master Fund will commit equity to a series of sub-funds for multi-asset class investments to enable the global real asset manager to scale through domestic capital partnerships, it said. The sub-funds will invest in 'high-quality, income-producing assets with long-term growth potential', such as business parks, retail, rental housing and serviced residences across tier one and top tier two cities. They may also invest in special opportunities in sectors such as data centres, logistics parks and offices, the real asset manager added. Kara Wang, chief investment officer of CLI China, said: 'The master fund's strategy of investing in asset classes such as business parks, retail, rental housing and serviced residences aligns closely with China's national priorities, supporting its transition into a consumption and innovation-driven economy.' BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In line with its asset-light strategy to grow its FUM, the global real asset manager has also secured a major domestic insurance company to take on a majority stake in the fund. Puah Tze Shyang, chief executive officer of CLI China, said: 'This allows us to tap into a rising trend of insurance companies increasing their capital allocation to real estate in China.' 'With a major domestic insurance company as a co-investor in the master fund, we are well-placed to attract other insurance firms to invest in the sub-funds and rapidly expand our domestic investor base.' With the new fund, CLI has successfully raised 54 billion yuan across seven renminbi funds since 2021. Shares of CLI ended Tuesday unchanged at S$2.53, before the news.
