CPPIB invests up to US$350m in Keppel's data centre fund
Latest commitment takes the total fund size to up to US$1b, doubling the fund's initial target size
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Singapore
THE data centre fund managed by Alpha Investment Partners, a wholly owned unit of Keppel Capital, is receiving another shot in the arm - this time from Canada Pension Plan Investment Board (CPPIB) which is investing up to US$350 million of capital, with an option to invest another US$150 million.
CPPIB's latest commitment and option will take the total fund size of Alpha Data Centre Fund (ADCF) to up to US$1 billion, doubling the fund's initial target size of US$500 million.
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