CapitaLand Investment Ltd has disbanded its special opportunities team focused on high-risk investments across Asia, sources confirmed today [1, 2, 3, 4]. The team, originally consisting of five members, was led by Gabriel Fong who left the firm in December 2025 and joined Ares Management a month later [1, 2, 3, 4].
Two additional team members departed CapitaLand in June 2026, while the remaining two were reassigned within the company [1, 2, 3, 4]. The special opportunities team had pursued unique investment situations, including discussions involving Hong Kong billionaire Henry Cheng’s family and New World Development [1, 2, 3, 4].
Gabriel Fong had previously indicated in 2025 that the firm was considering providing rescue capital to listed Hong Kong companies to capitalize on a potential recovery in the city’s troubled property market. He stated, “公司考虑向香港上市公司提供纾困资本，以把握香港房地产市场复苏时的潜在回报” [2].
Despite dissolving the dedicated team, CapitaLand said it will still evaluate special situations deals if suitable opportunities arise [1, 2, 3, 4].
CapitaLand has recently faced challenges in its core markets. In 2025, its workforce in China shrank by about 10% due to the ongoing property slump [1, 2, 3, 4]. Singapore’s headcount also declined but still accounted for 24% of the company’s global workforce [1, 2, 3, 4].
Earlier in April 2026, CapitaLand raised US$320 million for an Asia-Pacific real estate credit fund, mostly from investors in the Asia-Pacific region [1, 2, 3, 4]. The company remains majority owned by Singapore’s state investor Temasek Holdings [1, 2, 3, 4].
Previously, in 2023, CapitaLand announced a RMB 1.1 billion China special opportunities partnership program to invest in targeted projects within China [2].
Following the recent departures and team reshuffle, CapitaLand has shifted away from a dedicated special opportunities unit but continues to monitor investment prospects. The company’s next major fundraising and investment activities will provide further direction for its strategic focus.
