Keppel launched a second data center fund. KDC Fund II has attracted initial capital commitments from various financial institutional investors and achieved a first close of more than US$500 million. Target fund size is US$1 billion.
Thorough sustainability strategy
After its first data center fund, Keppel Data Centre Fund II is focusing on making strategic investments in the fast-growing data centre sector in Asia Pacific and Europe. KDC Fund II is managed by Alpha Investment Partners Limited (Alpha), a private fund manager under Keppel Capital.
Alvin Mah, CEO of Alpha, said,
“In line with Keppel’s Vision 2030, which puts sustainability at the core of the Group’s strategy, KDC Fund II will, wherever possible, tap on the Keppel Group’s know-how in sustainable technology and energy-efficiency to develop greener data centres. This will set us apart from others, especially when hyperscalers are increasingly embedding sustainability as part of their operations.”
Data centers consume large amounts of energy to power and cool computing equipment. For that reason, one of the key business imperatives in the data centers sector is the reduction of carbon emissions.
“The firm has been collaborating with industry leaders to explore how the carbon footprint of data centers can be reduced,” according to Wong Wai Meng, CEO of Keppel Data Centres.
The first data center fund, Alpha Data Centre Fund, was launched in 2016. The portfolio now spans 1.4 million square feet and has investments in key hubs including Singapore, Malaysia, Indonesia, Germany, Australia and China.