Keppel has raised an initial US$300m (鈧�277m) from global institutional investors for its third private credit fund.
The Keppel Private Credit Fund III fund 鈥� launched earlier this year with a US$1bn fundraising target 鈥� 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: 鈥淭he top-tier investors we have attracted are a strong endorsement of the institutional quality of our platform 鈥� one that is supported by Keppel鈥檚 extensive networks and in-depth operating experience in areas such as renewable energy and core infrastructure which are part of Fund III鈥檚 sectors of focus.鈥�
Stephane Delatte, CEO and CIO of Keppel Credit Fund Management, the manager of Keppel鈥檚 private credit funds, said: 鈥淜eppel鈥檚 private credit strategy seeks to capitalise on the significant continued growth of private credit assets under management in Asia Pacific.鈥�
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