Keppel, a Singaporean Company for Authorized Management and Operation such as Data Centers, said on Monday that it has won nearly 2 billion Singaporean dollars (1.53 billion US dollars) of capital commitments from global institutional investors for its flagship funds.
Keppel said in a statement that these commitments concerned his Keppel Data Center Fund III, the Keppel Education Asset Fund II and its sustainable urban renovation strategy.
Christina Tan, CEO of fund management and investment director, said that obtaining these capital reflected the demand for alternative real estate assets anchored in macroeconomic trends such as climate change and energy transition, urbanization and artificial intelligence.
Keppel said investors included pension and insurance funds, as well as a sovereign fund. It has not disclosed the names of the investors.
Ms. Tan said that these commitments brought Keppel closer to her 100 billion Singaporean dollars target under management by 2026 and 200 billion by 2030. ($ 1,3061 Singapourian dollar) (report by Yantoultra Ngui;
