Keppel Ltd. has raised S$6.3 billion ($4.9 billion) in total funds under management (FUM) year-to-date for its private fund strategies such as those for data centers, education assets and sustainable urban renewal.
This includes the latest capital commitments of approximately $700 million, secured from global institutional investors for its Keppel Education Asset Fund II (KEAF II) and Keppel Data Centre Fund III (KDCF III). These commitments represent approximately S$2.3 billion in new FUM.
Christina Tan, Keppel’s CEO of fund management and CIO, said, “Keppel’s private funds continue to attract robust investor interest, underscoring the strength of our platform and the appeal of strategies aligned with transformative megatrends.
“Education assets are increasingly valued for their defensive qualities and ability to generate stable returns, making them especially attractive in times of economic uncertainty. At the same time, data centers are a cornerstone
