Keppel expects dealmaking and fundraising environment to improve this year
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 14 2024
0mins
Source: Yahoo Finance
- Keppel's FUM Target: Keppel aims to reach $200 billion in funds under management (FUM) by the end of 2030, with current FUM at $55 billion.
- Acquisition Plans: Keppel plans to acquire European fund manager Aermont to boost FUM to $79 billion, targeting $100 billion by 2026.
- Growth Strategies: Keppel intends to grow Aermont's FUM to $60 billion by 2030 and launch new flagship funds like the Sustainable Urban Renewal Fund.
- Business Focus in China: Keppel shifts focus in China from real estate to energy transition, infrastructure, sustainable urban renewal, and data centers.
- Dividend Policy: Keppel is uncertain about maintaining cash dividends but aims to release more funds for investments and shareholder rewards through asset-light strategies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
