Alpha Investment Partners Limited (Alpha), a wholly-owned subsidiary of Keppel Land Ltd, has announced the first closing of the Alpha Asia Macro Trends Fund II (AAMTF II).
The fund raised a commitment of over S$556 million (US$460 million) throughout June from eight institutional investors, including endowment, pension and sovereign wealth funds and fund-of-funds. It will be open for additional closings with investors in the next 12 months.
Riding on the success of the S$1.6 billion (US$1.2 billion) Alpha Asia Macro Trends Fund (AAMTF), the AAMTF II is structured on proven profitable real estate strategies that leverage major trends in Asia, specifically China, India, Japan, Hong Kong, Singapore, South Korea, Taiwan and Vietnam.
“Building on the strong performance of the AAMTF, the successful closing of the AAMTF II reflects the confidence of institutional investors in Alpha’s proven track record,” said Loh Chin Hua, Managing Director of Alpha Investment Partners.
AAMTF II has made its first investment by inking a deal to purchase a 142-room boutique Central Park Hotel in Hong Kong for S$80 million (HK$515 million).
To date, Alpha manages five funds with gross assets under management (AUM) of approximately S$8.8 billion (US$7.3 billion) when completely invested.
The advisory firm is based in Singapore and operates from offices in Seoul, Shanghai, Taipei and Tokyo.
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