Mapletree Investments raises $1.77 billion for fund to tap real estate opportunities in China
Mapletree Investments, an Asia-focused real estate company, has raised US$1.4 billion (S$1.77 billion) for its private real estate fund, Mapletree China Opportunity Fund II.
This was above the initial target of US$1 billion.
The fund is one of the largest China-focused private equity real estate funds raised to-date.
Seeded by two mixed-use development projects, the fund raiser was closed within 10 months after its marketing launch in October last year, and just two months after its first closing at the end of June this year for US$1.1 billion.