Keppel says Apollo commits USD 1.5 billion to Keppel Offshore Fund

Reuters2026/07/27 12:57

By:Reuters

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Keppel launched Keppel Offshore Fund, a new private fund to monetise up to 10 legacy offshore rigs.
Funds, accounts, and entities managed by Apollo agreed to invest USD 1.5 billion via limited partnership interests in the fund.
The program targets about SGD 3.7 billion of rig monetisation, starting with six operational rigs divested in 2026 for about SGD 1.2 billion.
The transaction is expected to lift funds under management by about SGD 3.9 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Keppel Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: ZZT3J0PZUJ3Z4ZBC) on July 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Keppel says Apollo commits USD 1.5 billion to Keppel Offshore Fund

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