Former HSBC exec to lead CapitaLand’s new PE fund management biz

Photo: Reuters

Singapore-based real estate firm CapitaLand has created a private equity fund management business and roped in former HSBC real estate finance head James Lim to head it.

According to media reports last week, CapitaLand will consolidate its private equity real estate funds into one unit, CapitaLand Investment Management.

Lim, according to his LinkedIn profile, is currently on a gardening leave, a common term used for when an employee is between jobs and the previous employer does not want the employee to access confidential information in the duration of a notice period.

A media report said that Lim will take on the leadership role at CapitaLand on November 1 and will report to president and group chief executive Lim Ming Yan.

At HSBC, Lim was the Managing Director and head of real estate finance for Asia Pacific and was based in Hong Kong. He joined the organisation in 2014. He has previously worked at BNP Paribas as the Managing Director, Head of Real Estate Finance, Asia Pacific in Hong Kong from 2011 to 2014.

With a target to launch six new funds with total assets under management (AUM) of up to S$10 billion by 2020, CapitaLand is working to further grow its fund management business and pursue market opportunities with a stable of blue chip capital partners.

In 2015, CapitaLand Limited’s wholly owned serviced residence business unit, The Ascott Limited entered into a 50:50 joint venture with Qatar Investment Authority (QIA) to set up a $600 million serviced residence fund with an initial focus on the Asia Pacific and Europe regions.

Further, in August this year, the firm set up its first private equity fund in Vietnam closing at $300 million with a lifespan of eight years. The fund will invest in Grade A commercial real estate in Vietnam.

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CapitaLand grows Jakarta footprint with $54.9m realty deal with Qatar fund

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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.