PGGM hires Alpha Investment Partners to manage Asian real estate
PGGM hires Alpha Investment Partners to manage Asian real estate
PGGM hired Singapore-based
Alpha Investment Partners to manage a S$360 million ($267 million) separate account mandate focused on commercial real estate investments in Japan, China and Singapore, according to an announcement on the Zeist, Netherlands-based pension manager s website.
The allocation includes a top-up option of up to S$320 million, which would bring the aggregate commitment to S$680 million, according to an April 1 joint news release. PGGM has been a long-standing investor in various funds managed by Alpha, the private markets arm of Singapore-based Keppel Capital Holdings, an Alpha Investment spokeswoman said in an email.