SC Capital Partners closes real estate Fund IV on $850 mln

SC Capital Partners has closed its fourth real estate private equity fund on $850 million. Real Estate Capital Asia Partners IV LP held its final closing on Dec. 5, 2014 after three months in the market. Park Hill Group worked as placement agent for the fundraising.

Press Release

SC Capital Partners, a Singapore-based institutional real estate private equity investment firm, is pleased to announce the final closing of its fourth real estate private equity fund, Real Estate Capital Asia Partners IV L.P. (“RECAP IV”), with $850 million of total equity commitments.

RECAP IV held its final closing on December 5, 2014, merely three months following its first closing, raising capital from a diverse array of institutional investors from across the globe, including public and private pension funds, funds of funds, endowments, asset managers, private foundations, family offices and insurance companies. The fund will have an investment theme similar to its predecessor fund, focusing on acquiring a portfolio of pan-Asian real estate and real estate-related investments through a disciplined investment approach targeting undervalued, undermanaged and distressed assets and situations.

“We believe RECAP IV is well positioned to take advantage of the investment opportunity in this diverging world environment, and we are pleased to have support from a global investor base,” said Suchad Chiaranussati, Chairman of SC Capital Partners. Limited partners in RECAP IV comprise 34 institutional investors from North America, Europe, Asia and Australia.

“We are delighted to have worked again with the SC Capital Partners team and are very proud to be associated with such a first-class organization,” said Frank Schmitz, Senior Managing Director of Park Hill Group LLC (“Park Hill”), who served as the exclusive placement agent on the RECAP IV capital raise. Park Hill previously worked with SC Capital Partners in the formation of Real Estate Capital Asia Partners III L.P. and Real Estate Capital Asia Partners II L.P. Both funds have been recognized as one of the top-performing real estate private equity funds within their respective vintage years, as reported by Preqin as of January 2015.

RECAP IV has completed two investments as of December 31, 2014, including a retail asset in Melbourne, Australia, and an interest in prime beachfront land in the Phang Nga Province of Thailand.

About SC Capital Partners

Formed in 2004, SC Capital Partners is a 100% employee-owned, pan-Asian real estate private equity investment firm headquartered in Singapore. The firm pursues opportunistic real estate investments throughout Asia, focusing on acquiring, developing, redeveloping and operating real estate and real estate-related assets that are undervalued, undermanaged or whose situation are distressed and where value creation opportunities arise from market inefficiencies and/or strong macroeconomic fundamentals. The firm has built a successful track record over the past decade through its investments in multiple property types, including office, retail, multifamily, hospitality and mixed-use assets, across various markets throughout Asia-Pacific: China, Hong Kong, Japan, Singapore, South Korea, Australia, Thailand and Myanmar. Since inception, SC Capital Partners has invested more than $870 million of equity and just under $1.8 billion of total capital across 39 distinct transactions on behalf of its four institutional real estate private equity funds.