Keppel announced the first close of Keppel Private Credit Fund III (Fund III) with approximately $300 million of committed capital. Fund III was launched earlier this year with a target fund size of $1 billion.
Fund III has attracted capital commitments from top-tier global institutional investors, with Keppel, as the sponsor, committing $100 million to Fund III.
Fund III provides loans to companies with defensive infrastructure-like operating businesses, across a wide range of real asset sectors in Asia Pacific, including, but not limited to, renewable energy, transportation, telecommunications, logistics, social infrastructure and other core infrastructure.
Representing the third vintage of Keppel’s private credit strategy, Keppel Private Credit Fund III builds on the successful track record of its prior two private credit funds in the series – Pierfront Capital Mezzanine Fund (“Fund I) and Keppel-Pierfront Private Credit Fund (Fund II). These first two
