Keppel Capital Holdings has launched the Keppel Data Centre Fund II, which will focus on making strategic investments in the data center sector in the Asia Pacific and Europe. With a target fund size of $1 billion, KDC Fund II has attracted initial capital commitments from various financial institutional investors and achieved a first close of more than $500 million.
Target fund size $1B
KDC Fund II is managed by Alpha Investment Partners Limited, which is a private fund manager under Keppel Capital. KDC Fund II will also leverage Keppel Data Centres Holdings’ expertise in developing, operating, and maintaining quality data centers. Additionally KDC Fund II and Keppel Data Centres will tap on the expertise of other business units in the Group, including Keppel Infrastructure and Keppel Renewable Energy. Wong Wai Meng, CEO, Keppel Data Centres, said,
“Keppel Data Centres has been innovating and is at the forefront of incorporating sustainability in the development and operation of data centers. We are collaborating with industry leaders to explore how the carbon footprint of data centers can be reduced, including through the development of floating data center parks, tapping cold energy released from LNG re-gasification for cooling, hydrogen infrastructure for power generation, and accelerating the adoption of renewable energy as well as the development of carbon capture, utilization, and sequestration (CCUS) systems.”