Keppel Ltd., a leading Singapore-based asset manager and operator, has announced it has secured nearly S$2 billion (US$1.53 billion) in capital commitments from global institutional investors for its flagship funds. The fresh capital will be allocated across three key vehicles: Keppel Data Centre Fund III (KDCF III), Keppel Education Asset Fund II (KEAF II), and its Sustainable Urban Renewal (SUR) strategy, further strengthening Keppel’s position in high-demand sectors such as digital infrastructure, education, and sustainable real estate.
The company reported that the latest fundraising includes a $580 million first close for KDCF III, which will focus on developing and operating hyperscale data centres across the Asia Pacific region, leveraging Keppel’s expertise and relationships with major technology clients. KEAF II, meanwhile, achieved a $307 million first close and will target value-add investments in education-related assets throughout Asia Pacific. The SUR strategy, which has now raised S$760 million in additional commitments, aims to decarbonize the built environment through investments in commercial, residential, life sciences, hospitality, and logistics properties across major APAC markets.
Christina Tan, Keppel’s CEO of fund management and Chief Investment Officer, emphasized that these commitments underscore robust investor demand for alternative real assets tied to macro trends like climate change, energy transition, urbanization, and artificial intelligence. The investor base includes pension funds, insurance companies, and a sovereign wealth fund, though specific names were not disclosed. With this milestone, Keppel is moving closer to its target of S$100 billion in funds under management by 2026 and S$200 billion by 2030, reflecting its growing influence in sustainable and digital asset management.
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(Source: Tech Node Global | Market Screener)
