The closed-end logistics fund will hold development assets with total AUM of up to US$1.8 billion when completed
[SINGAPORE] Mapletree expects to achieve the first close of its Mapletree Emerging Growth Asia Logistics Development Fund (Mega) by mid-2026, with a second close planned later in the year.
“We have secured equity commitments from high-quality institutional investors, including a sovereign wealth fund, a pension fund and a national investment company,” Ng Kiat, Mapletree’s regional chief executive officer for logistics development in Asia-Pacific, told The Business Times.
Mega was first announced in June 2025, and was initially targeted to close by the end of that year.