Keppel Capital raises US$500m for second data centre fund
The fund will focus on strategic investments in the fast-growing data centre sector in Asia-Pacific and Europe. A spokesperson from Alpha Investment Partners, the manager of the fund, told IPE Real Assets that it had already identified a pipeline of deals. Further rounds of capital raising are planned and the fund has a target of US$1bn. With leverage and when fully invested, assets under management are expected to reach US$2.5bn. Alvin Mah, CEO of Alpha Investment Partners, said: “The COVID-19 pandemic has accelerated the pace of digitalisation for many businesses and governments alike, an...