Ascott and Qatar Investment Authority to set up US$600m fund
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Singapore
THE Ascott Limited, the serviced residence arm of CapitaLand, is partnering Qatar Investment Authority (QIA) to set up a US$600 million fund with an initial focus on investing in Asia-Pacific and Europe.
This fund marked its largest private equity fund to-date and is part of CapitaLand's efforts to have five to six new funds worth S$8-10 billion in asset under management (AUM) in the next three to four years.
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