>

>

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

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Novo Place hits 88.1% as 137 units snapped up in second balloting

3

What’s next for Bayshore

4

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

5

Is it a Good Deal?: A duplex penthouse in Sentosa sold for a loss of $1.93 million

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00