Singapore's Keppel raises $4.9 billion in private funds for education and data centre assets
The company said the raising includes around S$907 million in capital commitments from global institutional investors for its Keppel Education Asset Fund II and Keppel Data Centre Fund III.
The company aims to oversee $150 billion of funds by 2030.
Christina Tan, CEO of fund management and also its chief investment officer said, "Keppel's private funds continue to attract robust investor interest, underscoring the strength of our platform and the appeal of strategies aligned with transformative megatrends".
The Singapore-based asset manager last week reported net profit of S$431 million for the six months ended June, while also announcing a S$500 million buyback programme.
($1 = 1.2835 Singapore dollars)
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