Keppel Capital raises $420m

The Singapore-based manager has held a second close on its Asian infrastructure fund.

  • Fund name: Keppel Asia Infrastructure Fund
  • Amount raised: $420 million
  • Target size: $1 billion
  • Stage of fundraising: Second close
  • Interim close date: April 2020

Keppel Capital has held a second close on its Keppel Asia Infrastructure Fund on $420 million. The Asian Infrastructure Investment Bank has also approved a $100 million commitment to the fund and a co-investment sleeve of up to $50 million, which will bring aggregate capital commitments to $570 million.