Singapore’s Keppel eyes infrastructure, fund management as key growth drivers

Source: Picture of Keppel Corporation Limited CEO Loh Chin Hua (FY 2018 Annual Report)

Singapore-based Keppel Corporation Limited – engaged in the offshore and marine and property businesses – is looking at property, infrastructure and fund management as its key growth drivers.

In its FY2018 annual report, Keppel CEO Loh Chin Hua has outlined several transformation initiatives that the company has undertaken to move up the value chain.

To tap the vast opportunities in the infrastructure space, Keppel is looking at not only developing infrastructure assets, but also managing them through partnerships with institutional investors who might want to have some exposure in infrastructure as an asset class.

Keppel is also open to bringing in co-investors through the funds that it manages. “Upon completion and de-risking the infrastructure projects, Keppel is open to injecting them into one of its listed trusts,” he said, in the annual report.

Keppel is also seeking to expand into different allied sectors such as senior living, education, real estate and renewables. In line with its strategy, Keppel Capital recently announced acquisitions worth over S$2 billion including the acquisition of industrial infrastructure company Ixom, the proposed purchase of a 50 per cent stake in US senior living operator Watermark Retirement Communities.

It also set up new funds for education-related real estate and Australian retail properties. In January 2019, Alpha Investment Partners closed the $1.1 billion Alpha Asia Macro Trends Fund III, 10 per cent above its initial target.

On the fund management side, Keppel Capital has total assets under management (AUM) of over S$29.0 billion ($21.4 billion). It is set to achieve its target of S$50.0 billion AUM by 2022.

Keppel Capital is also forming funding platforms with co-investors, allowing it to seize growth opportunities across its chosen sectors, while generating recurring fee income.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.