Keppel Capital and Korea’s National Pension Service (NPS) have expanded their relationship with a new partnership to explore investment opportunities for private infrastructure in Asia.
Keppel Capital said today that, beyond infrastructure, the latest strategic co-operation would create potential collaboration opportunities across other asset classes where Keppel Capital was active, including real estate and data centres and new sectors, such as senior living.
Early this month, NPS added two infrastructure managers, three real estate investment firms and one private equity and debt investment house to its group of 156 global alternative investment managers. NPS said then that it had added Keppel Infrastructure Holdings and Antin Infrastructure Partners to its existing line-up of 36 infrastructure managers.
The latest agreement builds on the earlier commitment by NPS to Keppel Capital’s private infrastructure initiative.
Additionally, the partners would be able to leverage Keppel Group’s skill sets in developing, operating and maintaining complex real assets, such as energy and environmental infrastructure – including renewables and related technology solutions, urban development and connectivity solutions.
“Notwithstanding the current challenging macro-economic environment, we are confident that, by working together with a world-class and like-minded institutional investor, we will be able to synergise and tap into each other’s expertise and capabilities,” said Christina Tan, CEO of Keppel Capital.
“We both embrace a value-oriented shareholder focus and disciplined approach to investment.”
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