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Keppel’s flagship evergreen infrastructure fund attracts US$575m in initial closing

The initial target size of the fund is US$2.5b.

Keppel Core Infrastructure Fund (KCIF) has achieved its first closing with initial capital and co-investment commitments of US$575m.

The initial target size of Keppel Corporation’s flagship open-ended infrastructure fund is  US$2.5b. 

According to Keppel, KCIF will focus on highly defensive and essential infrastructure assets across the Asia Pacific developed markets, including those with proven operating track records, long concessions with strong counterparties and those that are regulated.

“We are pleased to see a strong first closing of US$575 million for the inaugural fund in our flagship KCIF Series. The robust demand reflects the appeal of critical infrastructure assets with inflation-protected cash flows, and importantly for fund products offered and managed by a trusted general partner such as Keppel,”  Keppel’s CEO of Fund Management and Chief Investment Officer, Christina Tan, said.

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