Keppel Launches Second Data Centre Fund with Over $666.5 Million (US$502 Million) First Close (Straits Times)
December 18, 2020 – The asset management arm of Keppel Corp has launched a second data centre fund, which will focus on making strategic investments in the “fast-growing” data centre sector in the Asia-Pacific and Europe.
Keppel Data Centre Fund II has attracted initial capital commitments from various financial institutional investors, and achieved its first close of more than US$500 million (S$666.5 million), Keppel Corp said in an exchange filing on Wednesday morning (Dec 16). The fund has a target size of US$1 billion.
The new fund is managed by Alpha Investment Partners, a private fund manager under Keppel Capital – the asset management arm of Keppel Corp. It will also leverage Keppel Data Centres Holdings’ expertise in developing, operating and maintaining data centres to capture investment opportunities in greenfield and brownfield data centre assets.
Read more here..