Key Takeaways
- • Castleforge, a London-based real estate investment firm, and Foster Capital Sdn Bhd have formed Catenary Capital, a Malaysia-based private equity real estate (PERE) manager, reported on 3 March 2026.
- • The partnership has raised £100 million (about $133 million) through a separate managed account (SMA) backed by Malaysia's KWAP, the public sector pension fund.
- • Catenary Capital will invest institutional capital in selected real estate sectors across Malaysia, the UK and Europe.
- • The vehicle begins with an initial MYR500 million investment mandate from KWAP, which is the first allocation for the new manager.
- • The partners argue the Malaysian real estate market is at an inflection point, a view that underpins the cross-border mandate.
Summary
Castleforge, a London-based real estate investment firm, has launched Catenary Capital, a private equity real estate manager headquartered in Malaysia, in partnership with Foster Capital Sdn Bhd. According to the publisher's reporting dated 3 March 2026, the partnership has raised £100 million (approximately $133 million) through a separate managed account (SMA). The SMA is backed by KWAP, Malaysia's public sector pension fund, which has appointed Castleforge to oversee an initial MYR500 million investment in a newly created PERE vehicle.
Catenary Capital's mandate is to deploy institutional capital into selected real estate sectors across Malaysia, the United Kingdom and Europe. The structure pairs Castleforge's established European real estate platform with Foster Capital's local presence in Malaysia. The partners state that the Malaysian real estate market is at an inflection point, a thesis that frames the firm's decision to base its management in Malaysia rather than deploy solely from London.
The full article is restricted to CoStar subscribers, so details on the target sectors, fund term, fee structure and the individual investment pipeline are not available in the sourced material. Readers should consult the primary filing or the partners directly for those terms.
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Catenary Capital's mandate is to deploy institutional capital into selected real estate sectors across Malaysia, the United Kingdom and Europe. The structure pairs Castleforge's established European real estate platform with Foster Capital's local presence in Malaysia. The partners state that the Malaysian real estate market is at an inflection point, a thesis that frames the firm's decision to base its management in Malaysia rather than deploy solely from London.
The full article is restricted to CoStar subscribers, so details on the target sectors, fund term, fee structure and the individual investment pipeline are not available in the sourced material. Readers should consult the primary filing or the partners directly for those terms.
## REQUIRED DATA BLOCK
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