SINGAPORE (Jan 17): Alpha Investment Partners, the private fund management arm of Keppel Capital Holdings, said its Alpha Asia Macro Trends Fund (AAMTF) III, raised a total of about US$1.1 billion ($1.5 billion) at its final close, exceeding its initial target of US$1.0 billion.

The fund garnered a diverse group of institutional investors including pension funds, endowments and insurance companies. They comprise new investors as well as those from Alpha's existing investor base.

AAMTF III is the third value-add pan-Asian fund in the Alpha Asia Macro Trends series. The series, launched in 2007, focuses on mega trends driving long-term growth in the Asia-Pacific, which include urbanisation, growing consumerism and intra-regional tourism.

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