The fund will focus on core-plus opportunities predominantly in commercial real estate in key cities in Japan and China, as well as in Singapore.
Alpha Investment Partners (Alpha), a private fund management arm of Keppel Capital Holdings (Keppel Capital), has been awarded a $360 million separate account mandate from Dutch pension fund PGGM.
The Alpha Asia Separate Account includes a top-up option of up to $320 million, which would bring the aggregate commitment to $680 million if the top-up option were fully exercised.
