CapitaLand partners Qatar Investment for US$600 million fund
[SINGAPORE] CapitaLand Ltd's serviced residence arm and Qatar Investment Authority will partner in a US$600 million fund as Southeast Asia's biggest developer boosts its fund management business.
The venture will initially focus on Asia Pacific and Europe, according to a statement on Monday. CapitaLand has a target to have six new funds with total assets under management of S$10 billion by 2020, it said.
"Fund management is central to the active capital management strategy of CapitaLand as a dominant real estate player," Lim Ming Yan, CapitaLand's president and chief executive, said in the statement.
BLOOMBERG
Share with us your feedback on BT's products and services
TRENDING NOW
Temasek’s Wan Chee Foong to helm PIL, Lars Kastrup to be board adviser
Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
