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Fundraising - APRIL 1, 2021

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Alpha Asia Separate Account collects $267m

by Kali Persall

Alpha Investment Partners, a private fund management arm of Keppel Capital Holdings, has secured an S$360 million ($267 million) separate account mandate from Dutch pension fund service provider, PGGM.

The firm said the Alpha Asia Separate Account includes a top-up option of up to S$320 million ($237 million), which would bring the aggregate commitment to S$680 million ($505 million) if the top-up option were fully exercised.

The Alpha Asia Separate Account will focus on core-plus opportunities in key cities in Japan and China, as well as in Singapore.

Alpha has a long-standing partnership with PGGM, which has invested in various Alpha-managed funds for more than 15 years.

“Following the success of our previous investments with Alpha we are delighted to be able to expand our relationship,” said Jikke de Wit and Ping Ip from PGGM Private Real Estate in a joint statement. “This investment reflects our confidence in Asia’s long term growth prospects

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