SC Capital Partners’s $850 Million RECAP V Fund Fundraising

Kirkland & Ellis represented SC Capital Partners, a Singapore-based institutional real-estate investment management firm, in raising its fifth discretionary real estate private equity fund, Real Estate Capital Asia Partners V L.P. (“RECAP V”).

The total capital raising of US$850 million comprises US$650 million of fund equity commitments, plus US$200 million of co-investment interest from existing RECAP V investors.

RECAP V raised institutional capital from North America, Europe and Asia-Pacific, including public and private pension funds, university endowments, asset managers, private foundations, family offices, insurance companies and funds of funds. The RECAP V investment strategy is similar to its successful predecessor RECAP Funds, with a focus on acquiring a portfolio of pan Asia-Pacific real estate investments through a disciplined investment approach of targeting undervalued, undermanaged and distressed assets and special situations.

The Kirkland & Ellis team was led by investment funds partners Damian Jacobs (Picture) and Kelly Ryan, and included tax partner Stephen Butler, ERISA partner Elizabeth Dyer, regulatory partner Adam Skinner and investment funds partner Joshua Westerholm.

Involved fees earner: Stephen Butler – Kirkland & Ellis; Elizabeth Dyer – Kirkland & Ellis; Damian Jacobs – Kirkland & Ellis; Kelly Ryan – Kirkland & Ellis; Adam Skinner – Kirkland & Ellis; Josh Westerholm – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: SC Capital Partners;

Author: Michael Patrini