CapitaLand Investment (CLI), a leading global real asset manager headquartered in Singapore, is acquiring Wingate Group Holdings (Wingate). Backed by CLI’s strength and international reach, this acquisition will bring considerable benefits to Wingate’s investors and enhance our funding and investment offerings across the spectrum of the property and corporate credit markets in Australia.
CLI’s acquisition of Wingate aligns with its strategy to expand its presence in Australia, one of its focus markets. CLI has committed to invest up to A$1 billion to grow its funds under management (FUM) in the country. This partnership builds upon Wingate’s 20-year track record as one of Australia’s largest private credit investment managers, and further boosts CLI’s deep industry connections and market expertise.
A Leading Global Asset Manager with a Strong Asia Foothold
CLI's business spans the globe, with operations in 45 countries across 270 cities. As at 31 December 2024, the company has S$136 billion of assets under management, as well as S$117 billion of FUM held via stakes in seven listed real estate investment trusts and business trusts and a suite of private real asset vehicles that invest in demographics, disruption and digitalisation-themed strategies. CLI’s diverse real asset classes include retail, office, lodging, industrial, logistics, business parks, wellness, self-storage, data centres, private credit and special opportunities. For more about CapitaLand Investment, visit: www.capitalandinvest.com.
CLI’s Recent Investments and Private Funds
CLI’s recent investments and new private funds align with its focus on sharpening its private credit capabilities in high-growth geographies and sectors.
- Acquisition of Wingate: The acquisition of Wingate is a strategic move for CLI as it aims to bolster its private credit capabilities and expand its presence in the Australian market. By acquiring Wingate, CLI will enhance its proprietary deal origination networks, gain access to a broader base of institutional and private high-net-worth investors, and increase its geographical exposure to Australia.
- Australia Credit Program (ACP): Conceived and originated in partnership with Wingate, ACP is CLI’s maiden credit fund at A$265 million. CLI had first seeded the fund, then attracted Asian investors, working with Wingate to originate and underwrite the deals. This demonstrated CLI’s ability to enable the Wingate platform with its strategic capital and distribution network.
- South Korea credit fund: With a total equity commitment of KRW 180 billion, CLI’s maiden private credit fund in South Korea, the CapitaLand Korea Investment No. 1 Private Equity Fund (PEF) will invest in construction, asset-backed or mortgage loans for diversified asset classes such as data centre, lodging, office or residential in gateway cities in South Korea. CLI has formed a strategic partnership with Korea Investment & Securities, a subsidiary of a major financial conglomerate Korea Investment Holdings, to jointly manage PEF as co-general partners. PEF has deployed a KRW 40 billion loan for the development of a data centre in Guro, Seoul.
Strengthening Partnership, Delivering Value
Wingate remains committed to being a trusted partner and looks forward to leveraging the combined expertise and network of CLI and Wingate to offer more attractive investment opportunities and deliver sustainable value to our investors.