Alpha Investment raises $1.1bn

The Singapore-based firm has closed its third pan-Asian value-added fund.

Alpha Investment Partners, the private fund management arm of Keppel Capital, has closed Alpha Asia Macro Trends Fund III at $1.1 billion, surpassing its initial target of $1 billion.

The vehicle is the third fund in the pan-Asian value-added fund series. It targets to invest in retail, accommodation assets, offices, business parks and logistic facilities in the Asia-Pacific region, primarily in Singapore, Shanghai, Beijing, Tokyo, Sydney, Melbourne, Brisbane and Seoul.

The firm currently manages $9.5 billion in assets as at 31 December 2018.