SC Core Fund (SCORE+) is an exclusive open ended investment vehicle under the SC Capital Partners Group investing in core and core-plus direct property assets in the gateway cities of Asia Pacific. The Fund is domiciled in both the Cayman Islands and Luxembourg. The fund seeks to offer investors stable and resilient income growth, and long term capital appreciation, with a target of 10-12% gross returns with semi-annual dividend distributions. SCORE+ closed its initial fundraise on June 28, 2017 with US$451.5mm of total equity commitments from 13 blue-chip global institutional investors. The Fund is currently in its investment phase, with a third of its capital deployed through seven assets diversified across six cities generating returns above our target. SCORE+ will be opened for subscriptions when the fund is 95% deployed, and grows to a GAV of US$750mm, which is anticipated not later than 2020.
SCORE+ focuses on well-located, stabilized, cash-flowing assets with long weighted tenancy tenures. With an experienced and dedicated investment and asset management team, the Fund seeks to ride the market cycles and capitalize on pricing dislocations and investment themes which are backed by demographic trends. No greenfield development projects will be undertaken. The Fund will invest primarily in transparent gateway cities in Japan, Australia, New Zealand, Singapore, Hong Kong, and South Korea.