Trust Capital Alternative announces fund closing in December 2022
Trust Capital Alternative Pte. Ltd. (“TCA”), an alternative investment firm headquartered in Singapore, announced the closing of its newest fund: “Private Alternative VCC – Japan Value Equity” in December 2022.
Private Alternative VCC – Japan Value Equity is a Japan-focused real estate equity fund, targeting already operational Japanese hospitality assets that are generating cash flows and have been affected by the pandemic. With the recovery of the hospitality industry, the underlying asset’s (“Nazuna Kyoto Tsubaki“) performance in December 2022 outperformed Kyoto’s hospitality occupancy rate of ~75%. Although Kyoto’s December 2022 inbound visitors are -20% compared to 2019 primarily due to the fact that China was not fully open, Nazuna Kyoto Tsubaki’s performance is expected to improve as Kyoto’s inbound visitors further recovers to 2019 (pre-pandemic) levels.
“We are deeply grateful for our investor’s unwavering support and trust in our investment strategies,” said Li-Ying Yeh, Investment Manager of TCA.
More on Nazuna Kyoto Tsubaki:
https://www.nazuna.co/property/nazuna-kyoto-tsubaki-st/
