SC Capital raises Japan's largest dedicated hospitality fund
SC Capital has announced the final close of the largest dedicated hospitality fund for the Japan market, a US$1bn opportunistic fund anchored by two global institutional investors. The vehicle will focus on distressed opportunities that have arisen from COVID, and the subsequent decrease in domestic travel and closure of the market to international travelers. The group also owns the manager of the Japan Hotel REIT Investment Corporation, a TSE-listed hotel REIT which has a market capitalization of over US$2bn.