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.
