Alpha holds $1.1b final close for value-add pan-Asian fund

Alpha Investment Partners Limited (Alpha), the private fund management arm of Keppel Capital Holdings (Keppel Capital), has held a final closing of the Alpha Asia Macro Trends Fund (AAMTF) III. Including co-investments, the fund raised a total of about $1.1 billion, exceeding its initial target of $1 billion.

The fund has a diverse group of institutional investors including pension funds, endowments and insurance companies. They comprise new investors as well as those from Alpha’s existing investor base.

AAMTF III is the third value-add pan-Asian fund in the Alpha Asia Macro Trends series. The series, launched in 2007, focuses on mega-trends driving long-term growth in Asia Pacific, which include urbanization, growing consumerism and intra-regional tourism.

AAMTF III targets to invest in multi-asset classes across key gateway cities in the Asia Pacific region, including Singapore, Shanghai, Beijing, Tokyo, Sydney, Melbourne, Brisbane and Seoul. The target asse