SC Capital Partners raises $850m

The Singapore-based real estate investment management firm has closed its fifth opportunistic fund in the series.

SC Capital Partners held a final close of Real Estate Capital Asia Partners V (RECAP V) at $850 million. The fund seeks to invest in undervalued, undermanaged and distressed assets and special situations in pan Asia-Pacific countries.

RECAP V’s predecessor, Real Estate Capital Asia Partners IV, was also closed at $850 million in December 2014.

Institutional investors in the fund include San Francisco Employees’ Retirement System and City of Phoenix Employees’ Retirement System.