CapitaLand Investment announces strategic acquisition of Wingate 

Singapore, December 16, 2024 : Global real asset manager CapitaLand Investment Limited (CLI) has announced the strategic acquisition of the property and corporate credit investment management business of Wingate Group Holdings (Wingate) for A$200 million1 (S$173 million2) plus an earn-out3. Wingate is one of the leading and largest private credit investment managers in Australia. It has executed more than 350 transactions with more than A$20 billion (S$17.3 billion) in real estate value.

With the addition of Wingate, CLI will expand its private credit business and its portfolio in Australia. Wingate will enlarge CLI’s extensive proprietary deal origination networks, enhance its access to more institutional and private high-net-worth investors, and increase CLI’s geographical exposure to Australia. In September 2024, CLI also announced the close of its Australia Credit Program (ACP).  Conceived and originated in partnership with Wingate, ACP is CLI’s maiden credit fund at A$265 million (S$240 million). 

 CLI had first seeded the fund, then attracted Asian investors, working with Wingate to originate and underwrite the deals. The strategic acquisition of Wingate follows CLI’s announcement in November 2024 to invest in SC Capital Partners.

Group Chief Financial Officer, CLI, Paul Tham, said: “We are excited to welcome Wingate into CLI’s global ecosystem. The senior team, led by Wingate’s founder Farrel Meltzer, has built Wingate into a leading Australian credit platform. It has an outstanding track record and is ideally positioned for growth by leveraging its extensive relationships with developers and corporates across Australia. Wingate’s private credit capabilities complement CLI’s own private funds platform and will enable us to collaborate to create greater value for our capital partners in Australia and beyond.”

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