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Market Chatter: CapitaLand Investment Targets $500 Million for Third APAC Credit Fund

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CapitaLand Investment (SGX:9CI) is targeting $500 million in investor commitments for its third Asia-Pacific credit program, Bloomberg reported Tuesday, citing people familiar with the matter.

The asset manager is focusing mainly on its existing investors for the latest funding round, which is expected to hit its first close by the end of the year.

This follows the closure of the company's second round under the CapitaLand Asia Pacific Credit Program II in April, which secured $320 million.

CapitaLand Investment did not immediately respond to' request for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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