THE KEDUNGU FUND FULL STORY
How It Started, How It Works, and Why It Exists
The Story Behind The Kedungu Fund
The Kedungu Fund was built from a simple observation:
When a real estate area enters an early institutional phase, the best outcomes tend to go to those who can act early.
This article provides a concise overview of how The Kedungu Fund started, why we focused on Kedungu, how the structure works, and what we are building on the ground.
1) How it started
In 2022, Omri Ben-Canaan began investing in Kedungu, Bali. As the area’s potential became clearer, friends and close contacts asked to participate first individually, then at scale.
A few months later, The Kedungu Fund was formed. A team of designers, advisors, and financial professionals was assembled to build a vehice that offers investors simple access to Bali’s property market without having to navigate the entire process alone.
2) Why Kedungu
As TKF took shape, Bali’s real estate market was accelerating rapidly.
Multiple factors converged at the same time:
- Land values in key areas were rising meaningfully year after year
- Tourism demand was rebounding strongly (with 2025 continuing to break records)
- West Bali experienced rezoning dynamics that opened new entry windows
- Infrastructure and connectivity improvements increased visibility and investor interest
All signals pointed to one conclusion:
Kedungu was next in line
3) Why an equity-based structure
From day one, the goal was to build a smoother, more accessible way for investors to enter the market.
An equity-based structure provides several practical advantages:
- No need to manage assets directly or navigate local administrative complexity independently
- Diversification across multiple land plots and projects rather than single-asset exposure
- A structured approach designed for medium-term capital growth
- A framework designed to make cross-border participation more straightforward
In short: investors gain exposure through a structured platform rather than operating as individual buyers.
4) How the opportunity evolved
The Fund’s approach was never “buy land and wait.” We focused on building a platform that combines selective acquisition with initiatives that strengthen the area’s long-term value.
Key actions included:
- Acquiring prime plots in strategic commercial locations to position for medium-term appreciation
- Launching development projects designed to enhance the ecosystem (an international school and a commercial plaza)
- Structuring a 5-year investment cycle, enabling investors to benefit from appreciation, asset sales, and rental income
5) Sustainability & community impact
From the beginning, TKF’s objective was not only financial performance. It was to contribute to Kedungu’s growth with purpose, quality, and long-term value.
This includes:
- Investing in durable, community-supporting infrastructure
- Integrating sustainability principles (eco-friendly materials, green spaces) into developments
- Supporting local initiatives to ensure Kedungu grows in a balanced and responsible way
We believe long-term value creation is strongest when investors and the local community benefit together.
Next steps
For further information on The Kedungu Fund, please contact us directly or download the Investment Deck
You can also watch the video below for a full overview of the fund and how it works.
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The Story Behind The Kedungu Fund
