Keppel has achieved the first closing of its flagship evergreen infrastructure fund, Keppel Core Infrastructure Fund (KCIF). KCIF received $575 million in initial capital and coinvestment commitments against an initial target size of $2.5 billion.
The open-ended fund will focus on highly defensive and essential infrastructure assets with stable, long-term cash flows across developed markets in Asia Pacific. These are assets with proven operating track records, long concessions with strong, regulated counterparties.
“KCIF is primed to benefit from the strong urbanization trends in the Asia Pacific, which accelerate demand for essential infrastructure in the economic and social, energy transition and digital infrastructure sectors,” said Christina Tan, CEO of fund management and CIO at Keppel. “KCIF will also draw on Keppel’s development capabilities and strong operational track record to undertake appropriate value-add initiatives, which will enable the fund to