Keppel Capital Holdings and Keppel Land Ltd. are seeking $600 million for the newly launched Keppel Vietnam Fund.
The fund will invest alongside Keppel Land in real estate projects, including residential developments, commercial properties and mixed-use projects and townships in Vietnam, with a focus on Ho Chi Minh City and Hanoi.
Alpha Investment Partners, the private fund management arm of Keppel Capital, will act as fund manager, while Keppel Land will be the development and property manager of the properties in the fund.
The Keppel Vietnam Fund already has held its first closing of $400 million, including co-investment commitment from a global institutional investor.
“We are pleased to launch our inaugural Vietnam-focused real estate fund, which will allow Keppel Capital to expand into a new geography and strengthen our product offerings to global investors seeking quality real assets,” said Christina Tan, CEO of Keppel Capital. “By tapping into
