Two new Keppel Capital funds hope to raise US$1.5b

Singapore

KEPPEL Corp's newborn asset management arm Keppel Capital is not even a month old, but it's growing fast.

The new unit has set up two closed-end private equity funds to raise a combined US$1.5 billion, mainboard-listed Keppel Corp said in a press statement on Wednesday.

The two funds, managed by Keppel Capital's wholly-owned unit Alpha Investment Partners, have together received initial capital commitments of US…