AIIB Keppel Private Credit Fund Commitment Reaches USD125m Under Strategic Partnership

AIIB Keppel private credit fund commitment will reach up to USD125m after the Asian Infrastructure Investment Bank agreed to back Keppel Private Credit Fund III, the companies said.

Keppel said the pledge includes a USD75m investment and a co-investment sleeve of up to USD50m, lifting the fund’s funds under management to more than USD561m.

It is AIIB’s first investment under a strategic partnership signed in June 2025 that aims to mobilise up to USD1.5bn of sustainable infrastructure financing in Asia Pacific.

Fund III, the third vintage in Keppel’s private credit series, has deployed USD260m into infrastructure, renewables, data centres and social projects.

Keppel said its private credit series has deployed over USD1bn since 2016 and exited more than half of 34 investments.