CapitaLand Investment will combine its existing real estate and alternative assets units into a single real assets platform, known as Private Equity Real Assets (PERA) following a major restructuring and expansion of its leadership team.

Lee Chee Koon, CLI’s group chief executive, will concurrently assume leadership as CEO of PERA to steer the growth of CLI’s private funds business.

CLI has restructured its senior executive team in what it said was part of an ongoing process to strengthen and accelerate the growth of the company’s private funds business, particularly in the areas of capital raising, data centre, special opportunities and renewables.

Simon Treacy, chief executive officer, private equity real estate, has resigned from his executive role with effect from 31 October 2024 and will continue his association with CapitaLand as senior adviser to Lee and to provide “counsel” to CLI’s private equity team on capital raising and investments effective from 1 November 2024. Treacy will branch into the energy and infrastructure space in a role that he is yet to reveal.

Andrew Lim, group chief operating officer of CLI, will provide oversight for CLI’s private capital markets team, overseeing capital raising and product development.

Alan Tan has been appointed managing director and head of capital raising, private capital markets, and managing director, special projects. Kenny Khow will take on the role of managing director, global data centres. Both Tan and Khow will start their roles on October 1.

The other members of the PERA team are Gabriel Fong, Vinamra Srivastava and Haslam Preeston. They were appointed respectively to the positions of managing director and head of the special opportunities group; chief sustainability and sustainable investments officer; and chief people and culture officer.

Lee said: “ The latest senior leadership appointments we have made will bolster CLI’s capabilities to drive key strategic initiatives in our funds platforms. CLI will also expand our geographical footprint as we work towards achieving our target of S$200 billion(€139bn) in funds under management by 2028.”

To read the latest IPE Real Assets magazine click here.

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