CapitaLand makes first close of debut China real estate debt fund at $556m

Lee Chee Koon, CapitaLand’s President & Group CEO

Singapore-based property developer CapitaLand Limited has raised $556 million for the first close of its debut China-focused discretionary real estate debt fund, CREDO I China.

The amount raised for the first close represents over 70 per cent of the $750-million target. CapitaLand will hold a 10 per cent stake in the fund, while major institutional investors are expected to make commitments later this year.

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