Corporate digest

Keppel Corp

THE conglomerate's asset management arm Keppel Capital on Wednesday said it has launched the Alpha Asia Macro Trends Fund IV with a target fund size of US$1 billion and achieved its first closing of US$295 million, including co-investment.

According to Keppel, the fund has seen strong support from investors from the insurance, endowment and pension segments, the majority of whom are from Alpha Investment Partners' existing investor base. Alpha Investment Partners is Keppel Capital's private fund management arm.