Keppel Fund Management and Keppel Capital Alternative Asset are licensed fund managers under Keppel
KEPPEL has amalgamated two indirect wholly owned subsidiaries to streamline the company’s organisational structure.
The two are Keppel Fund Management (KFM), its private fund management arm, and Keppel Capital Alternative Asset. Both subsidiaries are licensed fund managers, and KFM will continue as the surviving entity, said Keppel in a bourse filing on Tuesday (Jul 2).
The amalgamation was effective from Jun 28, 2024.
It is not expected to have any material impact on Keppel’s net tangible assets per share and earnings per share for the current financial year, said the group.
Previously known as Alpha Investment Partners, KFM is a private fund investment manager with investments in different asset classes including real estate and data centres. Since 2004, it has managed six commingled funds and executed over 190 transactions valued at more than US$26 billion in total.
Keppel Capital Alternative Asset is a private fund investment manager launched in 2019 focusing mainly on new alternative asset classes such as senior living, education and infrastructure.
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Shares of Keppel closed at S$6.36 on Tuesday, down 1.2 per cent or S$0.08, before the announcement.
