CapitaLand Investment (SGX:9CI) closed its second onshore sub-fund, China Retail RMB Fund I (CRF I), bringing the total fund size to 1 billion yuan, according to a Thursday filing with the Singapore Exchange.
CRF I is expected to add 1.48 billion yuan to the company's funds under management once deployed.
CapitaLand Investment has now raised nearly 55 billion yuan of domestic capital across nine onshore funds since 2021.
The property investment company will now recapitalize CapitaMall Xinduxin through its sale as the seed asset to CRF I.
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