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CapitaLand holds final close for second APAC real estate private credit fund

Reported by Perecredit
Apr 12, 2026· 2 min read
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Key Takeaways
  • • CapitaLand Investment (CLI) achieved final close of CapitaLand Asia Pacific Credit Program II (ACP II) with $320 million in committed capital, establishing the second fund in its flagship regional real estate credit series.
  • • The fund deployment adds approximately $600 million to CLI's total Asia-Pacific credit funds under management, scaling the firm's real estate lending platform across the region.
  • • ACP II follows the full realization of ACP I, CLI's inaugural credit program, demonstrating successful execution and investor confidence in the inaugural fund before launching its successor.
  • • The fund targets lending opportunities across industrial, office, and other real estate asset classes within Asia-Pacific markets, leveraging CLI's regional expertise and market positioning.
  • • This capital raise affirms CLI's disciplined approach to real estate credit investing and reinforces its position as a significant player in the APAC private credit market for institutional investors.
Summary
CapitaLand Investment Limited, a Singapore-based global real asset manager, has completed the final close of its second Asia-Pacific real estate credit fund, CapitaLand Asia Pacific Credit Program II (ACP II), securing $320 million in commitments. The fund closure marks a significant milestone in CLI's expansion of its real estate credit platform within the Asia-Pacific region, one of the world's most dynamic and capital-intensive real estate markets.

The successful final close of ACP II follows the complete realization of ACP I, CLI's inaugural credit program in the region. The successful exit trajectory of the first fund provided institutional investors with demonstrated evidence of CLI's execution capability and risk management discipline, supporting strong investor appetite for the successor vehicle. The deployment of ACP II capital brings CLI's total Asia-Pacific credit funds under management to approximately $600 million, substantially expanding the firm's lending capacity for regional real estate opportunities.

ACP II is positioned to deploy capital across multiple real estate sectors within Asia-Pacific, including industrial properties, office assets, and other core real estate segments. This multi-sector approach aligns with regional demand patterns and provides CLI with diversified risk exposure across the APAC investment landscape. The fund's closing reflects broader institutional investor appetite for real estate credit strategies in Asia-Pacific, where financing gaps and private credit opportunities remain significant across both developed and emerging markets.

The fund closure underscores CLI's strategic positioning in the private credit market and its ability to attract institutional capital for real estate lending strategies. As a sophisticated alternative investment vehicle, ACP II targets institutional investors seeking exposure to real estate credit returns with regional diversification benefits inherent to Asia-Pacific deployment.

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Perecredit CapitaLand holds final close for second APAC real estate private credit fund