Keppel launches $600-million fund to invest in Vietnam

Keppel Capital Holdings in collaboration with Keppel Land Limited has launched a Vietnam-focused real estate fund with a target fund size of $600 million.

The fund has achieved its first closing of $400 million, including co-investment commitment from a global institutional investor.

The fund seeks to invest alongside Keppel Land in real estate projects, including residential developments, commercial properties as well as mixed-use projects and townships in Vietnam, with a focus on Ho Chi Minh City and Hanoi.

Alpha Investment Partners Limited, the private fund management arm of Keppel Capital, will be the fund manager, while Keppel Land will be the development and property manager of the properties in the Fund.

When fully leveraged and invested, the fund will potentially have assets under management of approximately $1 billion.

Source:theleader