ARA announces new $500m equity financing led by Japan’s SMBC

ARA Group CEO and co-founder John Lim speaks at the Asia PE-VC Summit 2019 in Singapore. Photo: DealStreetAsia.

Singapore-based ARA Asset Management Ltd, the largest real assets manager in the Asia Pacific, on Monday announced it has roped in Sumitomo Mitsui Banking Corp (SMBC) as the lead investor for a new $500 million equity round of financing.

ARA will use the financing to strengthen its core asset management business and bolster its expansion plans in new economy sectors, such as logistics, data centres, infrastructure and private credit, and in key markets globally, it said in a statement.

The real assets manager said it seeks to capitalise on the “financialisation of real estate” in Asia where listed real estate investment trusts (REITs) are poised to expand in new markets such as India, China, and Korea. It also pointed to “the tremendous growth in alternative asset classes as a key investment holding for institutional and private investors alike” as a key secular trend. 

At a group level, ARA has raised over $16 billion in equity capital since 2016, which has supported a gross transaction volume of acquisitions, divestments and development activity of almost $20 billion during the same period.

Since its privatisation in 2017, ARA has transformed its business from a dedicated Asia real estate fund manager with nearly $27 billion of gross asset under management (AUM) to become the largest real assets manager in the Asia Pacific with nearly $87 billion of gross AUM as at Dec 31, 2020. 

ARA Group operates a diversified multi-product platform across assets, strategies and geographies in both the public and private markets, covering REITs and private funds in real estate, infrastructure and credit globally.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.