NEWS : Keppel Capital’s Second Data Center Investment Fund To Raise $1bn25 February 2021
Investment firm Keppel Capital, part of Singapore’s Keppel Corporation conglomerate, has raised $500 million from institutional investors for its newly launched Keppel Data Centre Fund II – with the aim of raising a total of $1bn.
The fund will make strategic investments in the data center sector in both Europe and across Asia-Pacific. The fund will be managed by Alpha Investment Partners, a wholly-owned subsidiary of Keppel Capital.
According to Alpha CEO Alvin Mah, the data center industry is one of the few economic sectors that has benefited from the Covid-19 outbreak.
“The Covid-19 pandemic has accelerated the pace of digitalization for many businesses and governments alike, and further spurred the growth of the data center sector. Riding on this growth, Keppel Data Centre Fund II will continue to leverage the Keppel Group’s expertise and network to seize opportunities in this burgeoning sector,” said Mah.
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