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Keppel Asia Infrastructure Fund to raise capital commitments of US$570 mil

By Charlene Chin

/ EdgeProp Singapore |

April 17, 2020 2:10 PM SGT

SINGAPORE (EDGEPROP) - Keppel Asia Infrastructure Fund has achieved capital commitments of US$570 million, which includes a commitment of US$420 million from its second closing.

There is also US$100 million from the Asian Infrastructure Investment Bank (AIIB), as well as a co-investment sleeve of up to US$50 million.

“The momentum of the Keppel Asia Infrastructure Fund and its ability to attract quality investors, amongst the likes of Asian Infrastructure Investment Bank, are testament to the strength of the Fund’s value propositions,” says Christina Tan, CEO of Keppel Capital.

“The COVID-19 crisis gives rise to dislocations in the marketplace, creating opportunities for the Fund to invest in businesses with high growth potential. Leveraging the Keppel Group’s collective strengths, expertise and network in renewables, energy and infrastructure, we are confident that we will deliver good returns for our investors,” she says.

The Fund achieved first close in late January this year. Together with its co-investment vehicles, it has subsequently acquired a 30% interest in the Gimi floating liquefied natural gas facility, which is currently undergoing conversion at Keppel Offshore & Marine.

The Fund is managed by Keppel Capital Alternative Asset, a private fund manager under Keppel Capital that focuses on establishing, offering and managing private funds investing in new alternative asset classes including infrastructure, senior living and education.

Read also:

Real estate investment activity in Asia-Pacific to outperform Europe and Americas in 2020-2021: JLL

Keppel REIT selling Bugis Junction Towers for $547.5 mil

[UPDATED] What’s in store for Asia-Pacific real estate in the coming quarters

Tags:

Keppel Asia Infrastructure Fund Asian Infrastructure Investment Bank Keppel Capital Christina Tan COVID-19 Keppel Offshore & Marine Keppel Capital Alternative Asset

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