Fundraising - JULY 20, 2016

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Keppel raises $410m in funds

by Andrea Waitrovich

Keppel Corp. has announced the closing of two closed-end private equity funds managed by Alpha, a wholly owned subsidiary of Keppel Capital Holdings, raising $410 million in equity commitments.

The Singapore-based investment manager held a $130 million first close for the Alpha Data Center Fund and a $280 million first close for the Alpha Asia Macro Trends Fund III.

When fully invested, the two new private funds will add as much as $3.5 billion to Keppel's total assets under management.

Alpha Data Center Fund has an equity fundraising target of $500 million. It will invest in the growing demand of data centers in Asia Pacific and Europe. Alpha has launched the fund in collaboration with Keppel Data Centers Holding Pte. Ltd., a 70-30 joint venture between Keppel T&T and Keppel Land Ltd. Thefund aims to secure a quality portfolio of greenfield and brownfield assets across key data center hubs.

When fully invested, the Data Center Fund is expected to fun

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