SC Capital Partners secures nearly $1b for latest Japan hospitality fund

Mount Fuji and buildings in the Shinjuku district are reflected on a table at an observation deck in Tokyo, Japan. Photographer: Kiyoshi Ota/Bloomberg

Singapore-headquartered asset manager SC Capital Partners announced that it secured nearly $1 billion in commitments for a new fund that targets hard-hit Japanese hotels and other hospitality-related investments across Japan.

The fund, Japan Hospitality Fund, was launched last year with an initial target of around $500 million. During the fund’s launch, SC Capital’s chairman told Reuters that the firm bets tourism would recover strongly once the coronavirus pandemic subsides.

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