Alpha Investment Partners secure $267Mn Separate Account fund from PGGM


Alpha Investment Partners, a wholly-owned subsidiary of Singapore’s leading asset manager Keppel Capital, has reportedly announced scoring USD 267.6 million separate account mandate from PGGM. Netherlands-based PGGM is well deemed for managing funds on behalf of the Dutch pensioners.

It has been reported that the Alpha Asia Separate Account funds encompasses a top-up option of up to S$320 million, which would potentially bring up the aggregate commitment to S$680 million if the option is fully practiced. Moreover, the new fund is expected to lay immense focus on core-plus opportunities in commercial real estate in chief cities of China and Japan, as well as in Singapore.

According to company officials, the announcement of fund raising comes within less than six months post the $295 million first conclusion of its Asia Macro Trends Fund IV, which boasts of the target capitalization of $1 billion to be invested in lucrative opportunities coming up in major cities around the region.

Alvin Mah, CEO at Alpha Investment Partners, while speaking on the latest accomplishment, cited that the firm is pleased to extend its long-standing alliance with PGGM. He believes that the new investment mandate provides an evidence to the confidence that the institutional investors have laid in Alpha’s capabilities in offering sound returns for its investors.

Speculations have it that the separate account fund recognition for the company is not likely to have any solid influence or effect on the earning per share and net tangible assets per share of Keppel Corporation for the current financial year.

Additionally, it would be pivotal to note that the firm is currently on the 4th recapitulation of its Asia Macro Trends series, which currently continues to focus on various real estate asset classes and genres across myriad APAC’s gateway cities. The series has been considered to be highly unbiased in following deals, with the latest iteration seeking profitable avenues and opportunities across business parks, offices, residential sector, and retail.

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