InvestmentJul 27, 2026, 09:08 AM
Apollo Funds Invest $1.5B in Keppel Offshore Fund
AI Summary
Apollo Global Management announced that Apollo-managed funds and affiliates have agreed to invest $1.5 billion into Keppel Ltd.'s Keppel Offshore Fund, LP. This fund will hold a portfolio of offshore energy assets managed by Keppel, a Singapore-headquartered global asset manager. The investment, rated investment grade, is one of the first of its kind in Southeast Asia and aims to support Keppel's efforts in addressing global energy security.
Key Highlights
- Apollo Funds agreed to invest $1.5 billion into Keppel Offshore Fund, LP.
- The fund will hold a portfolio of offshore energy assets managed by Keppel.
- Keppel is a global asset manager with S$95 billion in funds under management.
- The transaction is rated investment grade and is one of the first in Southeast Asia.
- Apollo aims to support Keppel's efforts in global energy security.
- The deal underscores Apollo's strategy to partner with regional banks in Asia Pacific.
- Transaction is subject to customary closing conditions and regulatory approvals.
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