Singapore’s Keppel Capital & MindChamps launch $146 mln fund

Singaporean private equity firm Keppel Capital Ventures has signed a non-binding memorandum of understanding (MOU) with education services firm MindChamps PreSchool Limited to cooperate and establish a new private fund, to be named Keppel MindChamps Education Real Estate Fund, which will have an initial target fund size of S$200 million ($146 million).

With Keppel Capital and MindChamps as sponsors, the proposed fund will seek to invest in preschool and early learning real estate assets in the Asia Pacific region.

The parties intend to manage the proposed fund through a joint venture where Keppel Capital and MindChamps will each hold a 50 percent stake.

The partnership between MindChamps and Keppel Capital provides the platform for launching this fund into the world.