Capitaland Investment Raises 261 Mil Southeast Asia And India Funds
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On November 5, CapitaLand Investment (CLI) announced that it has received $261 million in capital commitment from Mitsui O.S.K. Lines (MOL), a new Japanese capital partner, for its Southeast Asia (SEA) and India private funds. This investment comes as MOL has committed $130 million to CapitaLand SEA Logistics Fund (CSLF), CLI’s first logistics fund in Southeast Asia. This marks the second close of CSLF, bringing its total equity size to $400 million. In addition, CLI is closing its $525 million CapitaLand India Growth Fund 2 (CIGF2) with a $131 million capital commitment from Daibiru Corporation, the real estate subsidiary of MOL. This increased capital commitment will bring CSLF’s potential funds under management (FUM) to $1 billion and CIGF2’s FUM to more than $1 billion. MOL will hold a 32.5% stake in CSLF and Daibiru will hold a 25% effective stake in CIGF2, while CLI will continue to maintain a sponsor stake in both funds as part of its asset-light growth strategy. MOL’s investment will enable CSLF to accelerate its deployment across a range of greenfield and brownfield logistics investments, including OMEGA 1 Bang Na, a freehold logistics campus in Thailand. Phase 1 of the construction is expected to be completed in early 2026 and will be CLI’s first logistics property in Thailand. Additionally, Daibiru’s investment in CIGF2 will see the real estate company take a 25% effective stake in International Tech Park Chennai, Radial Road (ITPC-Radial Road), which offers two blocks of Grade A office space in Chennai’s business hub. CLI will continue to pursue investment opportunities in major metro cities such as Bangalore, Mumbai, and Pune to expand CIGF2’s portfolio.