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Keppel Capital's Alpha fund, Manulife, and Mega Manunggal Property launch $278.5 mil venture to focus on Indonesia's logistics property sector

Felicia Tan
Felicia Tan6/15/2020 09:03 AM GMT+08  • 3 min read
Keppel Capital's Alpha fund, Manulife, and Mega Manunggal Property launch $278.5 mil venture to focus on Indonesia's logistics property sector
The venture has an initial target size of US$200 million (S$278.5 million).
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SINGAPORE (June 15): Alpha Investment Partners, the private fund management arm under Keppel Capital, along with PT Asuransi Jiwa Manulife Indonesia, a subsidiary of Manulife Financial Corporation, and PT Mega Manunggal Property (MMP), have entered into a venture which will jointly acquire and manage high-quality logistics properties in Indonesia, on Monday.

The venture has an initial target size of US$200 million (S$278.5 million). It includes investments from Keppel-MMP Indonesia Logistics Fund Private Limited and an Indonesian parallel fund (the Fund), as well as co-investment capital from Manulife.

Alpha will be the investment manager of the Venture, while MMP, a listed and leading logistics space provider in Indonesia, will be the strategic advisor to Alpha and property manager of the Venture's logistics properties.

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