Canadian Pension Fund To Invest In Singapore Keppel’s Asset Management Business
Canada Pension Plan Investment Board has decided to make an initial investment of up to $350 million, with an option to invest another $150 million, in Alpha Data Centre Fund, the asset management business of Singapore’s Keppel Corporation.
CPPIB’s latest commitment and option will bring the ADCF’s combined and co-investment interest up to $1 billion, double its initial target size of $500 million, Keppel said in an exchange filing today. “When fully leveraged and invested, the fund will potentially have assets under management of approximately $2.3 billion.”
ADCF is managed by Alpha Investment Partners Limited, the private fund management arm of Keppel Capital, a Keppel Corp unit.
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