Keppel Capital surpasses half of target commitments for new US$500m fund

KEPPEL Corp's asset-management arm has crossed the halfway mark in target commitments for a US$500 million regional real estate investment fund, the mainboard-listed conglomerate announced on Tuesday evening.

Keppel Capital's closed-end Keppel Education Asset Fund, which aims to build up a portfolio of private education-related real estate in the Asia-Pacific, has made its first property investment - a 70-per-cent stake in a school run by Malvern College Chengdu in China. Other assets in the deal pipeline include properties in Australia, China, Singapore, South Korea and Vietnam, with the goal of US$1.2 billion in assets under management when the fund is fully leveraged and invested, said Keppel in a statement.

Potential assets will include stable, brownfield and greenfield assets in sub-sectors such as kindergarten to 12th grade, higher education, and on-campus housing. Said Keppel Capital chief executive Christina Tan:"Through the Keppel Education Asset Fund, we will work with established operators to capitalise on the opportunities in the private-education sector in the Asia-Pacific and support their expansion plans as they scale up in the region.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Keppel Capital, South Korea's public pension fund to explore infrastructure investment opportunities in AsiaSINGAPORE - Keppel Corp announced on Monday (Sept 21) that its asset management arm, Keppel Capital, entered a strategic cooperation with the National Pension Service of Korea (NPS) to explore investment opportunities for private infrastructure in Asia.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Keppel Capital ties up with Korea's pension fund to explore investment opportunitiesKEPPEL Corp on Monday said its asset management arm, Keppel Capital, is partnering the National Pension Service of Korea (NPS) to explore investment opportunities for private infrastructure in Asia. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stock watch: DBS, UOB, OCBC, Keppel, SingHaiyi, Fragrance, Kitchen CultureSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their shares on Tuesday (Sept 22):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Stocks to watch: SIA, Keppel, Centurion, Ascendas Reit, First ReitTHE following companies saw new developments that may affect trading of their shares on Monday: Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stock watch: SIA, Keppel, Centurion, Ascendas Reit, First Reit, Raffles EducationSINGAPORE (THE BUSINESS TIMES) - The following companies saw new developments that may affect trading of their shares on Monday (Sept 21):. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »