Alpha Investment awarded $360m account with Dutch pension fund provider

The Keppel-owned private management firm will invest the fund with commercial real estate opportunities.

Alpha Investment Partners Limited has been awarded the Alpha Asia Separate Account, worth $360m from cooperative Dutch pension fund service provider PGGM.

As the private fund management arm of Keppel Capital, Alpha will focuse the funds in opportunities in commercial real estate in Singapore, and key cities in Japan and China.

The fund has a top-up option of up to $320m, thus potentially bringing the aggregate commitment to $680m.

"We are heartened by the continued trust that PGGM has placed in us, especially in the current challenging environment. We are pleased to extend our long-standing partnership with PGGM, which has invested in various Alpha-managed funds for over 15 years. The new investment mandate bears testimony to the confidence that institutional investors have in Alpha’s capabilities in delivering sound returns for our investors," said Alpha CEO Alvin Mah in a bourse disclosure.

Keppel clarified that the separate account mandate award might not have any material impact on the earnings per share and net tangible asset per share of the corporation for 2021.

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