Keppel Capital raises $360m

The Singapore-based manager reached a first close for its new infrastructure fund.

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  • Fund name: Keppel Asia Infrastructure Fund
  • Amount raised: $360 million
  • Target size: $1 billion
  • Stage of fundraising: First close
  • First close date: January 2020

Keppel Capital has held a first close of Keppel Asia Infrastructure Fund at $360 million. It is a new closed-end infrastructure private equity fund with a target size of $1 billion. As its first investment, the firm intends to acquire an interest in the Gimi floating liquefied natural gas (FLNG) facility, which is currently undergoing conversion at Keppel Offshore & Marine.