Mapletree Investments raised US$1.4b from China-focused private fund
It exceeded initial target.
In a release, Mapletree Investments Pte Ltd announced the final closing of its private real estate fund, Mapletree China Opportunity Fund II at its hard cap or maximum target of US$1.4 billion.
This is well above the initial target of US$1.0 billion. At US$1.4 billion, MCOF II is one of the largest China-focused private equity real estate funds raised to-date.
Seeded by two mixed-use development projects, MCOF II was closed within 10 months after its marketing launch in October 2012, and just two months after its first closing at the end of June 2013 for US$1.1 billion.