Key Takeaways
- • CapitaLand Investment appointed Kishore Moorjani as CEO of its Alternatives division within the private funds unit, effective November 18, 2025, positioning him to lead credit strategies, insurance solutions, secondaries, and private equity investments globally.
- • Moorjani brings 9 years of Asia-focused alternatives experience from Blackstone (2012–2021), where he headed tactical opportunities, combined with recent founding and leadership of LXA, a residential mortgage asset manager, until November 2025.
- • The hire signals CapitaLand's strategic pivot to expand private credit and special opportunities businesses, capitalizing on Moorjani's established track record in structured credit and alternative asset classes across Asia.
- • Additional regional personnel moves include Joelin Ma's promotion to senior director at APG Asset Management's Hong Kong real estate team after 11+ years with the Dutch pension fund manager, and Go Hiramatsu's dual promotion at Nomura Real Estate Asset Management effective December 1, 2025.
Summary
CapitaLand Investment has bolstered its alternatives platform with the appointment of Kishore Moorjani as chief executive of the alternatives division within its private funds unit, announced on November 18, 2025. Moorjani assumes responsibility for developing and executing global strategy across credit strategies, insurance solutions, secondaries, and private equity—core pillars of CapitaLand's alternatives growth agenda. His mandate includes spearheading expansion of the firm's private credit and special opportunities businesses.
Moorjani's background positions him as a seasoned alternatives practitioner. From 2012 through 2021, he served as head of tactical opportunities for Asia at Blackstone, where he developed expertise in structured credit and regional investment sourcing. Most recently, he founded and led LXA, a residential mortgage asset manager, until November 2025, demonstrating entrepreneurial capability and domain knowledge in credit-oriented asset management. This combination of institutional scale experience and founder-operator credentials aligns with CapitaLand's stated need to deepen its alternatives capabilities.
The appointment reflects intensifying competition among Asia-based asset managers to scale alternatives platforms. CapitaLand's focus on private credit, insurance-linked strategies, and secondary investments mirrors broader institutional investor appetite for yield and diversification within private markets. Moorjani's Asia expertise is particularly valuable given regulatory and capital dynamics in the region.
Concurrent with this hire, the Asia real estate and fund management sector saw additional senior moves. At APG Asset Management, Joelin Ma was promoted to senior director within the real estate team in Hong Kong, advancing after 11+ years tenure at the Dutch pension fund manager. Go Hiramatsu received dual promotions at Nomura Real Estate Asset Management, assuming roles as director and managing executive officer of both the private fund management department and the overseas business division, effective December 1, 2025, indicating organizational restructuring and expanded responsibility for managing international fund operations.
Moorjani's background positions him as a seasoned alternatives practitioner. From 2012 through 2021, he served as head of tactical opportunities for Asia at Blackstone, where he developed expertise in structured credit and regional investment sourcing. Most recently, he founded and led LXA, a residential mortgage asset manager, until November 2025, demonstrating entrepreneurial capability and domain knowledge in credit-oriented asset management. This combination of institutional scale experience and founder-operator credentials aligns with CapitaLand's stated need to deepen its alternatives capabilities.
The appointment reflects intensifying competition among Asia-based asset managers to scale alternatives platforms. CapitaLand's focus on private credit, insurance-linked strategies, and secondary investments mirrors broader institutional investor appetite for yield and diversification within private markets. Moorjani's Asia expertise is particularly valuable given regulatory and capital dynamics in the region.
Concurrent with this hire, the Asia real estate and fund management sector saw additional senior moves. At APG Asset Management, Joelin Ma was promoted to senior director within the real estate team in Hong Kong, advancing after 11+ years tenure at the Dutch pension fund manager. Go Hiramatsu received dual promotions at Nomura Real Estate Asset Management, assuming roles as director and managing executive officer of both the private fund management department and the overseas business division, effective December 1, 2025, indicating organizational restructuring and expanded responsibility for managing international fund operations.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.