Hong Kong Land launches Singapore private equity fund with initial assets under management of nearly $6.4 billion.

On February 3, Hongkong Land announced the launch of a "Singapore Core Private Real Estate Fund" with an initial asset management size of 8.2 billion SGD. Hongkong Land serves as the general partner and manager of the fund, initially holding a majority stake in the fund, along with Qatar Investment Authority and APG Asset Management as co-founding investors. Other investors include a sovereign wealth fund from Southeast Asia.