Keppel has raised an initial US$300m (€277m) from global institutional investors for its third private credit fund.
The Keppel Private Credit Fund III fund – launched earlier this year with a US$1bn fundraising target – provides loans to companies with defensive infrastructure-like operating businesses, across a wide range of real asset sectors in Asia Pacific.
Christina Tan, CEO of fund management and chief investment officer, Keppel, said: “The top-tier investors we have attracted are a strong endorsement of the institutional quality of our platform – one that is supported by Keppel’s extensive networks and in-depth operating experience in areas such as renewable energy and core infrastructure which are part of Fund III’s sectors of focus.”
Stephane Delatte, CEO and CIO of Keppel Credit Fund Management, the manager of Keppel’s private credit funds, said: “Keppel’s private credit strategy seeks to capitalise on the significant continued growth of private credit assets under management in Asia Pacific.”
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