Keppel Data Centre Fund II attains $1.48b in funding

It got Asian Infrastructure Investment Bank as its investor.

An aggregate of $1.48b (US$1.1b) in funding from the Asian Infrastructure Investment Bank (AIIB) was attained by Keppel Data Centre (KDC) Fund II. 

The move also included co-investment capital KDC Fund II. 

In a breakdown, $134.61m (US$100m) into KDC Fund II through a parallel fund structure, as well as $67.30m (US$50m) through co-investments mark the final close of the funds. Proceeds of the investments will be used in the data centre sector in APAC and Europe. 

Managing the KDC Fund II is Alpha Investment Partners Limited, a private fund manager under Keppel Capital.

“Data centres form the foundation of the digital economy which underpins almost every aspect of modern life today. We are pleased to welcome Asian Infrastructure Investment Bank as an investor and look forward to strengthening our partnership through the Keppel Data Centre Fund II, which is seizing opportunities arising from the burgeoning demand for quality data centres,” said Alvin Mah, CEO, Alpha Investment Partners Limited.