Keppel’s Private Credit Strategy Secures $125 Million from AIIB

Global asset manager Keppel Ltd. has secured $125 million investment from the Asian Infrastructure Investment Bank for its private credit strategy, according to a statement on Tuesday, the latest sign of development banks channeling capital into the asset class in Asia.

AIIB committed $75 million to Keppel Private Credit Fund III, along with up to $50 million for co-investment opportunities, the statement said. The new backing lifts the vehicle’s funds under management to $561 million and marks the multilateral bank’s first investment under a partnership agreement signed in June 2025.