Keppel Land Limited’s wholly-owned real estate fund management arm, Alpha Investment Partners Limited, has announced the first closing of its Alpha Asia Macro Trends Fund II (AAMTF II).  The AAMTF II raised a commitment of over US$460 million as at end June 2011 from eight institutional investors including pension, endowment and sovereign wealth funds and fund-of-funds.Following the success of the US$1.2 billion Alpha Asia Macro Trends Fund (AAMTF) that was incepted in 2007, AAMTF II carries a similar investment mandate as AAMTF and focuses on executing proven profitable real estate strategies that leverage prominent macro trends in Asia .  (Close: $3.03, +2.02%)
 

Keppel Land Limited  said its real estate fund management arm, Alpha Investment Partners Limited (AIP), will set up its new China office in Shanghai , China and has appointed Mr Eric Goh Lai Soon as CEO of China Operations. The extension into China comes on the back of two deals that AIP closed in Shanghai early this year for a fund under its management.  AIP is committed to grow and deepen its presence in China . The China office will work closely with the Singapore head office in the investment process including deal sourcing, asset management and financing. As and when the opportunity arises, the China office will also seek to raise funds locally.  (Close: $2.89, -0.345%)

 

/sgx