About This Fund
CLI RMB Master Fund is a fund of funds managed by CapitaLand Investment Limited (CLI). It is the company's first onshore master fund in China. As of May 2025, the fund has secured an equity commitment of 5 billion yuan (approximately US$693 million) and is expected to contribute 20 billion yuan to CLI’s funds under management upon full deployment. This initiative aligns with CLI's asset-light strategy and aims to tap into China's growing real estate market. The CLI RMB Master Fund will invest through a series of sub-funds targeting high-quality, income-producing assets with long-term growth potential. These assets include business parks, retail properties, rental housing, and serviced residences across China's tier-one and top-tier two cities. Additionally, the fund may explore special opportunities in sectors such as data centers, logistics parks, and offices, reflecting China's evolving economic landscape. A significant aspect of this fund is the participation of a major domestic insurance company, which will take a majority stake. This partnership not only provides substantial capital but also positions CLI to attract other insurance firms to invest in the sub-funds, thereby expanding its domestic investor base. With this launch, CLI has successfully raised a total of 54 billion yuan across seven renminbi funds since 2021, demonstrating its commitment to China's real estate sector.