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CapitaLand unveils biggest investment fund for China projects

Singapore Business Review

It subscribes 41.7% interest in RCCIP III for $2b.

CapitaLand announced today its successful establishment of its third integrated development private investment vehicle in China – Raffles City China Investment Partners III (RCCIP III).

The partnership has fully closed at US$1.5b (about S$2b), making it the largest private capital raise CapitaLand has originated.

RCCIP III, with a life of eight years, will invest in prime integrated developments in gateway cities in China.

CapitaLand will subscribe 41.7% sponsor stake in RCCIP III while the remaining interests will be held by major investors from Asia, North America, and the Middle East, including new and existing investors.

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RCCIP III will be managed by CapitaLand Fund Management Pte. Ltd., an indirect wholly owned subsidiary of CapitaLand.



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