Baker McKenzie has advised Singapore‑listed CapitaLand Investment (CLI) on its USD 320 million fundraising for CapitaLand Asia Pacific Credit Program II (ACP II), the second regional fund under its flagship real estate credit series.
As detailed in the CLI’s announcement, ACP II secured equity commitments from a diverse group of investors primarily based in Asia Pacific, including insurance companies, financial institutions and family offices. ACP II held its first closing in December 2025 and successfully achieved its final closing after only a few months.
The cross-border Baker McKenzie team was led by Funds Principal Derek Kwan and Local Principal Jens Carle in Singapore, supported by Senior Associate Lau Wei Sheng and Associates Celine Yap and Kai Gosian. The deal team also included specialists from the Firm's Financial Services Regulatory, Fund Finance and M&A practices.
Commenting on the deal, Derek said: “Private credit continues to emerge as a significant and fast growing asset class across the Asia Pacific region, as investors seek stable, asset backed returns amid evolving market conditions. Baker McKenzie is pleased to have supported CLI on the successful launch of ACP II, leveraging the Firm's extensive experience in private credit and complex fund formations across the region.”
As detailed in the CLI’s announcement, ACP II secured equity commitments from a diverse group of investors primarily based in Asia Pacific, including insurance companies, financial institutions and family offices. ACP II held its first closing in December 2025 and successfully achieved its final closing after only a few months.
The cross-border Baker McKenzie team was led by Funds Principal Derek Kwan and Local Principal Jens Carle in Singapore, supported by Senior Associate Lau Wei Sheng and Associates Celine Yap and Kai Gosian. The deal team also included specialists from the Firm's Financial Services Regulatory, Fund Finance and M&A practices.
Commenting on the deal, Derek said: “Private credit continues to emerge as a significant and fast growing asset class across the Asia Pacific region, as investors seek stable, asset backed returns amid evolving market conditions. Baker McKenzie is pleased to have supported CLI on the successful launch of ACP II, leveraging the Firm's extensive experience in private credit and complex fund formations across the region.”
Explore Our Newsroom