Keppel Capital Holdings Pte. Ltd. (Keppel Capital) announced that its US$1 billion Keppel Asia Infrastructure Fund, together with the Fund’s co-investment vehicles, has achieved its second closing with aggregate commitments of US$ 420 million. Separately, the Asian Infrastructure Investment Bank (AIIB) has announced that they have approved their commitment of US$ 100 million to the Fund, as well as a co-investment sleeve of up to US$ 50 million.

With the second closing and AIIB’s impending commitments, the Fund and its co-investment vehicles will achieve total aggregate capital commitments of US$ 570 million.

The Fund achieved first close in late January this year and has, together with its co-investment vehicles, subsequently acquired a 30% interest in the Gimi floating liquefied natural gas (FLNG) facility, which is currently undergoing conversion at Keppel Offshore & Marine.