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Capitaland Investment to Commit A$1 Billion to Grow Funds Under Management in Australia
Capitaland Investment (CLI) has announced that it will commit up to A$1 billion (S$878 million) to grow its funds under management (FUM) in Australia. This move comes as the group aims to increase its presence in the country and capitalize on the region’s growing real estate market.
Current Assets Under Management
Currently, CLI has more than A$9 billion of assets under management (AUM) in Australia across logistics, business parks, lodging, and commercial assets. The group has identified Australia as one of its focus markets, with significant potential for both organic and inorganic growth.
Senior Hires Appointed to Drive Growth in Australia Business
To drive growth in its Australia business, CLI has appointed two senior hires into newly created roles. Angelo Scasserra will serve as the chief executive officer of CLI Australia, while Rahul Bharara will join as the chief investment officer. Both executives will join the company in the first half of 2025.
Job Responsibilities
Their job responsibilities will include driving the growth of CLI Australia’s real estate private equity and credit funds, as well as working with the unit’s managing director, Paul Toussaint, to manage CLI’s AUM in Australia.
Executive Profiles
Angelo Scasserra has more than 25 years of experience in real estate funds management, corporate finance, and law. Prior to joining CLI, he was the head of real estate private capital at Barrenjoey Capital Partners.
Rahul Bharara was a partner of real estate private capital at Barrenjoey Capital Partners and also served as the managing director and head of real estate coverage at Credit Suisse Australia.
Recent Developments
This announcement comes a few months after CLI closed its Australian Credit Program, which is the group’s maiden credit fund at A$265 million, backed by Asian investors.
Additionally, on Wednesday, the group announced that it will buy an initial 40 per cent stake in Singapore-headquartered real estate investment manager SC Capital Partners for S$280 million. The deal is expected to close in the first quarter of 2025 and is projected to increase CLI’s FUM by S$11 billion to a combined FUM of S$113 billion.
Conclusion
Capitaland Investment’s commitment to grow its funds under management in Australia reflects the group’s confidence in the region’s real estate market. With the appointment of two senior hires, CLI is well-positioned to capitalize on the market’s growth potential and create value for its partners.
FAQs
Q: What is Capitaland Investment’s commitment to grow its funds under management in Australia?
A: Capitaland Investment will commit up to A$1 billion to grow its funds under management in Australia.
Q: What is the current size of Capitaland Investment’s assets under management in Australia?
A: Capitaland Investment has more than A$9 billion of assets under management in Australia.
Q: Who are the two senior hires appointed to drive growth in CLI’s Australia business?
A: Angelo Scasserra will serve as the chief executive officer of CLI Australia, while Rahul Bharara will join as the chief investment officer.
Q: What are the job responsibilities of the two senior hires?
A: Their job responsibilities will include driving the growth of CLI Australia’s real estate private equity and credit funds, as well as working with the unit’s managing director to manage CLI’s AUM in Australia.
Q: What is the expected impact of the acquisition of SC Capital Partners on Capitaland Investment’s funds under management?
A: The acquisition is projected to increase CLI’s FUM by S$11 billion to a combined FUM of S$113 billion.