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Singapore s AIP wins Dutch pension fund mandate Apr 06, 2021 By Nik Pratt
A subsidiary of Singaporean fund manager Keppel Capital, Alpha Investment Partners, has been awarded a S$360 million (US$268 million) investment mandate from Dutch pension fund services firm PGGM.
The Alpha Asia Separate Account will focus predominantly on commercial real estate in Japan, China and Singapore.
The fund also contains an option to increase the capital commitment from PGGM by a further US$238 million.
It is not the first mandate that PGGM has awarded to Alpha. The pension fund has invested in various Alpha funds for more than 15 years.
“This investment reflects our confidence in Asia’s long term growth prospects and Alpha’s ability to identify attractive opportunities in these markets,” said Jikke de Wit and Ping Ip from PGGM Private Real Estate in a joint statement.
Keppel s Alpha Investment secures $268m fund mandate from Dutch investor PGGM dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.