KCIF is primed to benefit from the strong urbanisation trends in the Asia Pacific, which are accelerating demand for essential infrastructure across sectors.

Keppel Core Infrastructure Fund (KCIF), Keppel’s flagship open-ended infrastructure fund with an initial target size of US$2.5 billion, successfully achieved its first closing with initial capital and co-investment commitments of US$575 million in October 2023.

KCIF will focus on highly defensive and essential infrastructure assets with stable, long-term cash flows across developed markets in the Asia Pacific region. These include assets with proven operating track records, long concessions with strong counterparties and those that are regulated.

Ms Christina Tan, CEO of Fund Management and CIO of Keppel Corporation, said, “We are pleased to see a strong first closing of US$575 million for the inaugural fund in our flagship KCIF Series. The robust demand reflects the appeal of critical infrastructure assets with inflation-protected cash flows, and importantly for fund products offered and managed by a trusted general partner such as Keppel."

“KCIF is primed to benefit from the strong urbanisation trends in the Asia Pacific, which accelerate demand for essential infrastructure in the economic & social, energy transition and digital infrastructure sectors. KCIF will also draw on Keppel’s development capabilities and strong operational track record to undertake appropriate value-add initiatives, which will enable the Fund to deliver sustainable and predictable returns to investors over the long term,” she added.

KCIF is a strong complement to Keppel Asia Infrastructure Fund and SGX-listed Keppel Infrastructure Trust. Together they provide investors with a spectrum of investment opportunities across the capital structure that leverages Keppel’s deep expertise and infrastructure network to create value for investors with different risk profiles.