Canadian Pension Plan to invest up to US$500 million on data centres
The Canada Pension Plan Investment Board (CPPIB) is investing up to US$350 million in data centres with Singapore’s Alpha Data Centre Fund (ADCF), with the option to invest another $150 million.
CPPIB, the investment manager of Canada’s biggest pension plan, is teaming up with Singapore-based Alpha Investment Partners and data centre operator Keppel Data Centre Holdings (Keppel Data Centre) – both part of the city state’s Keppel Group – in the deal.
The ADCF was launched in July 2016 by Alpha Investment Partners, which is wholly owned by asset manager Keppel Capital. Investors in the $500 million fund include sovereign wealth funds and corporates. With the CPPIB’s initial investment and option, the fund will have access to a war chest totalling $1 billion.
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