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Keppel Capital and Korea's National Pension Service to explore investment opportunities for private infrastructure in Asia

Felicia Tan
Felicia Tan9/21/2020 07:59 AM GMT+08  • 2 min read
Keppel Capital and Korea's National Pension Service to explore investment opportunities for private infrastructure in Asia
The strategic cooperation builds on an earlier commitment by NPS to Keppel Capital’s private infrastructure initiative.
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Keppel Capital Holdings, the asset management arm of Keppel Corporation, announced its strategic cooperation with the National Pension Service (NPS) of Korea on September 21.

The cooperation will bring together the asset management expertise of both companies, as well as Keppel Capital’s ability to leverage the Keppel Group’s track record and ability to develop, operate and maintain complex real assets including energy and environmental infrastructure, including renewables and related technology solutions, urban development and connectivity solutions in Asia.

The strategic cooperation builds on an earlier commitment by NPS to Keppel Capital’s private infrastructure initiative. It will also create potential collaboration opportunities across other asset classes such as real estate and data centres, and other new sectors, such as senior living.

Additionally, Keppel Capital has partnered with Australian Unity to launch an Indonesian logistics property venture, as well as a private credit fund. The fund will focus on the Australian metropolitan office sector.

The asset manager has also entered the Chinese data centre market through a data centre-focused fund, managed by a unit of the company. The fund invested some RMB1.5 billion ($301.2 million) into a data centre project in Huizhou, Guangdong Province.

“We are glad to partner with NPS, the world’s third-largest pension fund, to jointly explore investment opportunities in the infrastructure space in Asia. Notwithstanding the current challenging macroeconomic environment, we are confident that by working together with a world-class and like-minded institutional investor, we will be able to synergise and tap on each other’s expertise and capabilities, given that we both embrace a value-oriented shareholder focus and disciplined approach to investment," says Christina Tan, CEO of Keppel Capital.

See also: Olam Food Ingredients cites market stability and fair valuation as catalysts for eventual IPO

Shares in Keppel Corp closed 8 cents higher, or 1.9% up, at $4.28, on September 18.

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