Keppel has secured nearly S$2 billion ($1.5 billion) of capital commitments from global institutional investors for its Keppel Data Centre Fund III (KDCF III), Keppel Education Asset Fund II (KEAF II) and Sustainable Urban Renewal (SUR) strategy, representing approximately S$4.9 billion ($3.7 billion) in funds under management.
Keppel’s third data center fund, KDCF III, achieved its first close, raising approximately $580 million in initial capital commitments from various global institutional investors. KDCF III will invest in a portfolio of sustainable, best-in-class data centers in the Asia Pacific region. The fund will benefit from synergies across Keppel’s operating divisions, such as the sourcing of renewable energy and advanced cooling infrastructure, which are increasingly important to hyperscalers.
In addition, KEAF II also secured $307 million in a first closing. Commitments came from a returning sovereign wealth fund invested in KEAF I, as well as from n
