Keppel data centre fund raises $1.1bn

FundingAn investment fund launched by data centre provider Keppel has secured US$1.1 billion in capital commitments. Among the fund’s backers is the Beijing-based Asian Infrastructure Investment Bank (AIIB) which has invested $100 million in the fund. The Keppel Data Centre Fund II is managed by Alpha Investment Partners, a private firm owned by Keppel Capital Holdings. According to Keppel, the fund is targetting the data centre market in Asia Pacific and Europe and has attracted a number of institutional investors alongside AIIB whose director general Dongik Lee cited the digitalisation mega-trend as its reason for investing. “This trend has been accelerated by the COVID-19 pandemic, further highlighting the importance of data centres which are essential components of the digital ecosystem and attractive investment targets, as identified by AIIB’s Digital Infrastructure Sector Strategy.” ©2022 funds global asia

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