CapitaLand Investment Limited (CLI), a prominent global real asset manager, announced at its Investor Day on November 22, 2024, its strategy to intensify geographical diversification in the Asia Pacific, Europe, and the United States. Engaging with over 200 institutional investors and partners, CLI outlined its ambitious goals to double funds under management (FUM) to S$200 billion by 2028 and boost operating earnings to over S$1 billion by 2028-2030.
The company plans to achieve 60-70% of these earnings through its Fee Income-related Businesses (FRB), focusing on REIT expansion, private fund growth, lodging management, and commercial management. CLI has allocated significant capital to mergers and acquisitions (M&A) and emerging growth avenues, including a recent agreement to acquire a 40% stake in SC Capital Partners Group for S$280 million (US$214 million).
This investment is expected to increase CapitaLand Investment’s FUM by S$11 billion to S$113 billion and marks its entry into Japan’s REIT market, a key focus area. The move reinforces CLI’s diversification strategy, enhancing its presence in Japan while expanding its global footprint.
CLI is aligning its investment strategies with three major global trends: Demographics, Disruption, and Digitalisation. The company sees opportunities in age-suitable living, private credit, logistics, and data storage assets. It is also committed to expanding its renewable energy investments, in line with its sustainable growth objectives.
CLI is deepening its presence in Australia, with plans to invest up to A$1 billion (S$878 million) to grow its FUM in the region. To support this, CLI has appointed Angelo Scasserra as CEO and Rahul Bharara as CIO of CLI Australia, effective in 2025. Additionally, its Australian Credit Program closed at A$265 million (S$240 million), backed by Asian investors, reflecting CLI’s focus on the region as a growth market.
Group CEO Lee Chee Koon emphasized CLI’s shift towards becoming an asset-light global real asset manager. The company has recycled S$24 billion since 2021, with 75% of the capital redirected into its private or public listed funds. As CLI continues to optimize its portfolio and leverage global trends, it remains committed to driving sustainable growth and delivering strong returns for its investors.
CapitaLand Investment Limited (CLI), headquartered and listed in Singapore, is a prominent global real asset manager with a strong presence across Asia. As of 30 September 2024, CLI managed assets worth S$134 billion and held S$102 billion in funds under management, channelled through six listed real estate investment trusts (REITs) and business trusts, along with private real asset vehicles that focus on strategic and thematic investments. Its diverse portfolio spans multiple real estate asset classes, including retail, office, lodging, industrial, logistics, business parks, wellness, self-storage, data centres, private credit, and special opportunities.
CLI is focused on expanding its fund management, lodging management, and commercial management operations globally while ensuring robust capital management. As the investment arm of the CapitaLand Group, it benefits from the Group’s development capabilities and a steady pipeline of investment opportunities.
With sustainability as a core priority, CLI is committed to achieving Net Zero carbon emissions for Scope 1 and 2 by 2050. By integrating environmental and social initiatives into its operations, CLI enhances the well-being of the communities it serves while delivering sustainable economic value to its stakeholders.
