Keppel's Alpha Asia Macro Trends Fund III raises about US$1.1 bil at final close
SINGAPORE (Jan 17): Alpha Investment Partners, the private fund management arm of Keppel Capital Holdings, said its Alpha Asia Macro Trends Fund (AAMTF) III, raised a total of about US$1.1 billion ($1.5 billion) at its final close, exceeding its initial target of US$1.0 billion.
The fund garnered a diverse group of institutional investors including pension funds, endowments and insurance companies. They comprise new investors as well as those from Alpha's existing investor base.
AAMTF III is the third value-add pan-Asian fund in the Alpha Asia Macro Trends series. The series, launched in 2007, focuses on mega trends driving long-term growth in the Asia-Pacific, which include urbanisation, growing consumerism and intra-regional tourism.
The mandate of AAMTF III is to invest in multi-asset classes across key gateway cities in the Asia-Pacific region, including Singapore, Shanghai, Beijing, Tokyo, Sydney, Melbourne, Brisbane and Seoul. The target asset classes comprise retail and accommodation assets as well as offices, business parks and logistic facilities.
To date, the fund has made investments in Shanghai, Tokyo and Brisbane. When fully leveraged and invested, AAMTF III will have assets under management (AUM) of about US$2.4 billion.
Since its inception in 2004, Alpha has made about US$10 billion worth of investments across its managed funds. Including AAMTF III, Alpha currently manages six real estate and data centre funds with total AUM of US$9.5 billion as at Dec 31 on a fully leveraged and invested basis.
