Singapore's Keppel gets $1.5 billion in capital commitments for its funds
Keppel said in a statement that the commitments were for its Keppel Data Centre Fund III, the Keppel Education Asset Fund II, and its sustainable urban renewal strategy.
Christina Tan, its CEO of fund management and also its Chief Investment Officer, said the securing of capital reflected the resilient demand for alternative real assets anchored to macrotrends including climate change and energy transition, urbanisation, and artificial intelligence.
Keppel said the investors included pension and insurance funds, as well as a sovereign wealth fund. It did not name the investors.
Tan said the commitments bring Keppel closer to achieving its funds under management target of S$100 billion by 2026 and S$200 billion by 2030.
($1 = 1.3061 Singapore dollars)
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Grilled fish on a generous bed of numbing chillis and peppercorns from China's south-western metropolis, Chongqing; cumin-laced lamb skewers from Xinjiang in the far north; and fiery rice noodles flavoured with snails from the famed rivers of Guangxi in the of this on a walk down Liang Seah Street in food is having a moment outside China, driven by huge success and intense competition back home. And nowhere is this clearer than in Singapore, where ethnically Chinese people make up more than three-quarters of the multicultural trend is not surprising given that Chinese soft power seems to be on the rise – think viral Labubu dolls, humanoid robots and futuristic cities that are impressing and sophisticated, Chinese cooking is not among Beijing's list of priorities for turning the country into "a powerhouse in culture" by yet, as an increasingly authoritarian China tries hard to win the world over, a sumptuous table may just be its most effective, and underrated, draw. 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And their pace of expansion is insatiable – they bring with them a reliable supply chain, marketing acumen, and deep pockets that allow them to sacrifice they have a playbook. First you are encouraged to sign up for a free membership that gets you a discount. The meals come with a free flow of tea, dipping sauces and pickled winner? Unlike in most Singaporean restaurants, tissues – much-needed after a spicy meal – are is not the first time the exports of China's success have sparked anxiety in its smaller South East Asian neighbours. 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