Fund backs US$162 million hospitality strategy to deepen exposure to Japan travel demand
Canada Pension Plan Investment Board is investing up to US$162m in a Japan hospitality strategy run by Singapore-based SC Capital Partners Group.
SC Capital Partners’ value-add strategy acquires, repositions, and operates hospitality-related assets across Japan.
The latest capital comes from a consortium of CPP Investments and an existing global institutional investor that has invested in the strategy since 2022.
Together, they have made an initial commitment of up to US$330m, with capacity to increase total commitments to US$719m.
Suchad Chiaranussati, chairman and founder of SC Capital Partners, said Japan remains “one of the most attractive hospitality markets in Asia” and that competition has intensified with an influx of global institutional capital.
He said local networks, disciplined underwriting and on-the-ground execution are key for dealmaking in the sector, and that flexible pricing dynamics support repricing in hospitality.
CPP Investments views the partnership as a way to gain exposure to Japanese hospitality via SC Capital Partners’ platform.
Gilles Chow, head of Real Estate, Asia Pacific at CPP Investments, said Japan “stands out as one of Asia’s most attractive hospitality markets,” citing growth in inbound tourism and steady domestic demand.
He said the partnership gives CPP Investments access to opportunities in the sector and the execution capacity to act on them for CPP contributors and beneficiaries.
SC Capital Partners, founded in 2004 and headquartered in Singapore, oversees approximately US$9bn in assets under management (as of 30 September 2025), with Japan as its largest market, accounting for around 75 percent of total AUM.
