Keppel Capital Holdings, the asset management arm of Keppel Corporation, has secured US$600 million ($815.7 million) of separate managed accounts (SMAs) from international financial institutions.
The SMAs are focused on global infrastructure projects with long-term utility-like contracted cash flows.
The SMA models have been put together by Keppel Capital to ride on opportunities arising from the increasing trend of infrastructure investments, which is seen as an attractive asset class.
“Securing the Separate Managed Accounts from reputable institutional investors is a testament to Keppel’s value proposition of creating attractive investment opportunities. The recent volatility in the global markets underscore the demand for real assets with long term stable cash flows,” says Christina Tan, CEO of Keppel Capital.
“By leveraging the Keppel Group’s collective strengths, expertise and network in renewables, decarbonisation solutions, energy and infrastructure, which are Keppel’s focus areas under the Group’s Vision 2030, we provide investors bespoke access to these sectors.”
“In addition, Keppel Capital is well-positioned to collaborate and harness synergies from other members of the Keppel Group, not only its fund management capabilities and investor network from sister entities such as Keppel Asia Infrastructure Fund and Keppel Infrastructure Fund Management, but also the project development and asset management capabilities of the wider Keppel Group,” adds Tan.
Shares in Keppel Corp closed 5 cents lower or 0.9% down at $5.25 on July 26.