Keppel Capital raises $1.1bn

The Singapore-based manager has closed a real estate fund investing in data center.

Fund: Keppel Data Centre Fund II (KDC Fund II)
Amount raised: $1.1 billion (including co-investment vehicle)
Target size: $1 billion
Stage of fundraising: Final close
Time on the road: 13 months
Predecessor fund: Alpha Data Centre Fund ($350 billion)

Keppel Capital has secured $1.1 billion in total for the Keppel Data Centre Fund II (KDC Fund II) and its co-investment vehicle. Capital raised for the vehicle will be invested in co-location data centers in emerging Asian countries.