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SEOUL, South Korea, Aug. 29, 2024 /PRNewswire/ -- CapitaLand Investment Limited (CLI), a global real asset manager, has closed a new value-add office blind pool fund in South Korea with total equity commitment of KRW 200 billion[1] (S$194.4 million[2]). The private fund is a strategic partnership with KB Bank, an affiliate of the country's largest financial group, KB Financial Group. CLI holds a sponsor stake in the fund in alignment with the interests of its capital partner. The new fund increases CLI's geographical exposure to South Korea, a key focus market. It also increases its funds under management (FUM) in the market by 16% to S$3.3 billion.