Keppel Capital’s Alpha Asia Macro Trends Fund IV collects $295m in first close

Keppel Capital Holdings is targeting $1 billion for its newly launched Alpha Asia Macro Trends Fund IV (AAMTF IV). The fund held its first close with $295 million in capital commitments, including co-investment.

The vehicle was launched through Keppel Capital’s private fund management arm, Alpha Investment Partners, and is the fourth value-add pan-Asian fund in Alpha’s flagship Alpha Asia Macro Trends series.

AAMTF IV was backed by insurance companies, endowments and pension funds, the majority of whom are from Alpha’s existing investor base. When fully leveraged and invested, AAMTF IV is expected to have up to $2.5 billion in assets under management.

“At Alpha, we are focused on rigorous value creation through the entire investment chain, which includes sourcing, structuring, asset management, financing and divestments,” said Alvin Mah, CEO of Alpha. “In the current market conditions, we are monitoring developments for potential dislocations where s