Keppel beats end-2026 target of $100 billion funds under management early
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Keppel added around $13.5 billion in FUM across its infrastructure, real estate and connectivity private funds year to date.
PHOTO: REUTERS
Deon Loke
- Keppel has surpassed its end-2026 target of $100 billion funds under management ahead of schedule, driven by $13.5 billion growth this year.
- New capital commitments of $7.8 billion were secured from global partners across various funds, including infrastructure and data centre investments.
- CEO Loh Chin Hua highlighted that growing funds will boost income and earnings, with a strong acquisition pipeline exceeding $22 billion.
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SINGAPORE – Global asset manager and operator Keppel has surpassed its end-2026 interim funds under management (FUM) target of $100 billion ahead of schedule, the group announced on July 28.
The group added around $13.5 billion in FUM across its infrastructure, real estate and connectivity private funds year to date. The growth was driven by roughly $7.8 billion in new capital commitments secured from global limited partners.
These new commitments spanned multiple private funds and vehicles, including Aermont Fund VI, Keppel Education Asset Fund II and a separately managed account with a sovereign wealth fund focused on infrastructure and data centre investments.
Keppel chief executive Loh Chin Hua said: “As our FUM continues to grow, it creates a flywheel that expands both asset management income and operating income.
“Beyond recurring fees from operating and maintaining assets such as the Bifrost Cable System and the new Keppel Sakra Cogen Plant, we are also able to generate stronger earnings and cash flows through our sponsor stakes and co-investments.”
He added that the company’s key focus remains the investment performance of its funds to underpin sustained FUM growth.
“Keppel’s private infrastructure strategies have secured $7.7 billion of equity commitments to date, providing a strong capital pool to pursue a growing acquisition pipeline in excess of $22 billion,” Keppel said.
The company stated that these fund-raising achievements are not expected to have a material impact on its earnings per share or net tangible assets per share for the current financial year. THE BUSINESS TIMES
