Sc Capital Establish Usd1bn Reality Fund

• Proeksa Meas
• 3 October 2017
• Construction Focus
• 1729 Views

SC Capital Partners has launched a USD1 billion real estate fund to further expand its property portfolio in Asia Pacific and Southeast Asia.

The Singapore-based private equity firm has established Real Estate Capital Asia Partners V (RECAP V) as the fifth such vehicle to manage its investments. The fourth RECAP successfully invested USD850 million in regional real estate after closing in 2014, and its previous RECAPS were considered some of the best performing property-based equity funds.

Real estate in Asia Pacific and Southeast Asia has been a consistently high performing and increasingly attractive sector for equity fund investment vehicles. According to DealStreetAsia, Morgan Stanley, Savills Investment Management and Blackstone are all working on large-scale Asia-based property equity funds.