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Singapore’s Keppel Capital secures $295m Fund IV

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Keppel Capital, Management arm of Keppel Corporation, one of Singapore’s eminent multinational companies with a global footprint over 20 countries has announced the first close of its Alpha Asia Macro Trends Fund IV (AAMTF IV). The firm closed the first round at US$295 million from existing investors even though its ultimate aim is to raise US$1 billion for this fund.

According to the statement, successfully raising US$1 billion for the Alpha Asia Macro Trends Fund IV (AAMTF IV) will bring total assets under management of the firm to US$2.5 billion.

The funds series which was started in 2007, focuses on megatrends underpinning long-term growth, which include urbanization, growing middle class and connected cities. Since its inception the series has gained support from insurance, endowment, and pension funds globally.

Like the former funds in the series, AAMTF IV target multi-asset classes across key gateway cities in the Asia-Pacific region, including Singapore, Beijing, Shanghai, Tokyo, Seoul, Hong Kong, Sydney, Melbourne and Brisbane. The target asset classes comprise offices, business parks, logistic facilities, retail and accommodation assets, diversified portfolio that includes real estate, infrastructure and data centre assets in key global markets the statement noted

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