{
  "id": 6195224,
  "title": "CapitaLand targets US$500 million for third Asian credit fund",
  "url": "https://urgent.news/2026/09/08/capitaland-targets-us-500-million-for-third-asian-credit-fund",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T00:05:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/capitaland-targets-us500-million-for-third-asian-credit-fund"
  },
  "original_language": "en",
  "account": "Singapore's CapitaLand Investment is seeking US$500 million (S$633.4 million) in commitments for its third Asia Pacific credit programme, according to sources familiar with the matter. The latest fundraising effort follows a US$320 million commitment for the second vehicle, ACP II, which added approximately US$600 million to the firm's funds under management. APC III will focus on senior secured asset-backed investments, targeting existing investors with a goal of closing by year-end. The fundraising initiative occurs as private credit in Asia faces scrutiny, with concerns over loan safety in light of the collapse of Australian property developer Bathla Group, which relied heavily on private debt. CapitaLand's first credit programme, ACP I, raised A$265 million, financing two prime mixed-use developments in Melbourne and Adelaide. The company has deployed over $10 billion in real estate credit across Asia Pacific, primarily through its subsidiary Wingate Group Holdings. CapitaLand Investment has recently undergone personnel changes, including the disbanding of its special opportunities team and the hiring of Jeff French as chief operating officer of the firm's alternatives business.",
  "summary": "The fundraising initiative comes as private credit in Asia faces mounting scrutiny.",
  "key_points": [
    "CapitaLand targets US$500 million for third Asia credit fund",
    "APC III focuses on senior secured asset-backed investments",
    "Fundraising occurs amid Asia private credit scrutiny"
  ],
  "editors_take": "CapitaLand's push for a third Asian credit fund signals its continued bet on private credit in the region despite growing scrutiny over loan safety and recent high-profile collapses.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "CapitaLand Targets $500 Million for Third Asian Credit Fund",
        "url": "https://urgent.news/2026/09/07/capitaland-targets-500-million-for-third-asian-credit-fund",
        "published": "2026-09-07T23:00:01.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "CapitaLand targets US$500 million for third Asian credit fund: Bloomberg",
        "url": "https://urgent.news/2026/09/08/capitaland-targets-us-500-million-for-third-asian-credit-fund-6218182",
        "published": "2026-09-08T02:49:48.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}