- 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.