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The merger has created Singapore’s fourth-largest industrial real estate investment trust (REIT) with combined assets worth over $2.2 billion.
The buyout major made the investment from its $6.5-billion Carlyle Asia Partners V fund.
The vehicle has so far raised $280 million and expects to secure further commitments from now through December.
For first half of 2018, outbound deals totaled $22 billion, a significant drop from $56.7 billion in same period in 2017
Dymon Asia, which claims to have clocked a net IRR of a little under 30% from its $240 million vehicle DAPE I, hopes LPs would see the region as a “must have” part of their investments.
The deal follows a similar stake purchase in Cellnex by Abu Dhabi sovereign wealth fund ADIA last week.
The plan to launch a second larger fund is based on the success of OCBC’s first fund which is on track to meet its targeted 20% IRR by the end of the term.
KKR & Co, among the most active investors in India this year, is seeking to deploy capital actively targetting family businesses and other corporates, its co-founder Henry Kravis said.
ShawKwei made its first investment from the latest fund in O&G services firm Gaylin in a transaction worth $100m.
“Essentially we will be investing millions of dollars into a couple of new managers from Southeast Asia. We are targeting to allocate (this) from the new $100-125 million fund – about 30 per cent to 40 per cent of this fund will be allocated to managers in South and Southeast Asia,” Dave Richards, Managing Partner, Capria, said in an interaction.