Keppel asset manager bags $598m for its infrastructure fund

The fund will have gathered total commitments of $811.73m.

Keppel Corporation’s asset management arm Keppel Capital has clinched $598.11m (US$420m) in aggregate commitments for the second closing of its US$1b Keppel Asia Infrastructure Fund, according to a press release.

Separately, the Asian Infrastructure Investment Bank (AIIB) has approved its commitment of $142.41m (US$100m) to the fund, as well as a coinvestment sleeve of up to $71.2m (US$50m).

With these, the fund and its co-investment vehicles will have gathered total aggregate capital commitments of $811.73m (US$570m).

The fund made first close in January and has subsequently acquired a 30% interest in the Gimi floating liquefied natural gas (FLNG) facility, which is currently undergoing conversion at Keppel Offshore & Marine.
https://sbr.com.sg/shipping-marine/news/keppel-inks-deal-golar-lng-30-stake-in-gimi-ms-corporation

It is managed by Keppel Capital Alternative Asset, a private fund manager focused in alternative asset classes, including infrastructure, senior living and education. The fund aims to grow its portfolio, which will include operational assets and greenfield projects in the Asia Pacific.

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