CapitaLand Investment Launches New Business Park Development ... - Marketscreener.com

Singapore-based CapitaLand Investment Limited (CLI) has launched a fund called CapitaLand India Growth Fund 2 (CIGF2) with a target fund size of S$525m ($387m). CLI has secured S$263m from a global institution for a 50% stake in the fund's first closing. The fund will invest in Grade A business parks in prime locations across India. CLI's equity contribution for the 20% stake is expected to add approximately S$700m to CLI's funds under management. As the seed asset, CIGF2 has acquired a 70% equity stake in International Tech Park Chennai, Radial Road, for S$95m.

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