“We are pleased to see a strong first closing of US$575 million for the inaugural fund in our flagship KCIF Series. The robust demand reflects the appeal of critical infrastructure assets with inflation-protected cash flows, and importantly for fund products offered and managed by a trusted general partner such as Keppel,” says Keppel’s CEO of fund management and chief investment officer, Christina Tan.
“KCIF is primed to benefit from the strong urbanisation trends in the Asia Pacific, which accelerate demand for essential infrastructure in the economic & social, energy transition and digital infrastructure sectors. KCIF will also draw on Keppel’s development capabilities and strong operational track record to undertake appropriate value-add initiatives, which will enable the fund to deliver sustainable and predictable returns to investors over the long term,” she adds.
As at 3pm, shares in Keppel are trading 7 cents lower or 1.04% down at $6.69.
