Capitaland Investment Raises 261 Mil Southeast Asia And India Funds
CapitaLand Investment (CLI) has recently announced a new partnership with Japanese capital partner Mitsui O.S.K. Lines (MOL), securing a capital commitment of $261 million for its private funds in Southeast Asia (SEA) and India. This investment marks MOL’s commitment of $130 million to CapitaLand SEA Logistics Fund (CSLF), CLI’s first logistics fund in Southeast Asia. With this, CSLF’s total equity size has reached $400 million, marking its second close.
In addition, CLI is also finalizing the closing of its CapitaLand India Growth Fund 2 (CIGF2) with a total equity size of $525 million, including a $131 million capital commitment from Daibiru Corporation, the real estate subsidiary of MOL.
With this capital commitment, CSLF’s potential funds under management (FUM) will increase to $1 billion, while CIGF2’s FUM will exceed $1 billion. MOL will hold a 32.5% stake in CSLF, which focuses on investing in and developing smart logistics infrastructure in Southeast Asia. Daibiru will hold a 25% effective stake in CIGF2, which invests in Grade A business parks in prime locations across gateway cities in India. Another Japanese firm, Mitsubishi Estate Co., holds a 50% stake in CIGF2.
As part of its asset-light growth strategy, CLI will continue to maintain a sponsor stake in both funds to align with the interests of its capital partners. The capital infusion from MOL will enable CSLF to accelerate its deployment across a range of greenfield and brownfield logistics investments. Moreover, CSLF’s seed asset, OMEGA 1 Bang Na, is a greenfield built-to-suit development strategically located in a prime logistics cluster in Thailand. This freehold logistics campus comprises two buildings with ambient and cold storage capabilities as well as an automated storage and retrieval system. With a gross floor area of over 2 million sq ft, it will be Thailand’s largest standalone warehouse when completed in early 2026. This also marks CLI’s first logistics property in Thailand.
On the other hand, Daibiru’s investment in CIGF2 will give the real estate company a 25% effective stake in International Tech Park Chennai, Radial Road (ITPC-Radial Road). Located in the business hub of Chennai, ITPC-Radial Road offers two blocks of Grade A office space, state-of-the-art infrastructure, and is well-connected with all modes of transport. CLI is also seeking investment opportunities in major metro cities such as Bangalore, Mumbai, and Pune to expand CIGF2’s portfolio.
In summary, CLI’s partnership with MOL and Daibiru has secured a significant capital commitment, enabling it to accelerate its deployment of logistics investments in Southeast Asia and India. This bold move will bring about more opportunities for both companies and pave the way for further growth in the region.
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