CPPIB commits $350m to SG's Keppel-backed data centre fund, option to invest another $150m

Canada Pension Plan Investment Board (CPPIB) will invest up to $350 million in Singapore-based Keppel Capital’s Alpha Data Centre Fund (ADCF) that aims to develop a portfolio of new and existing data centre assets in Asia Pacific and Europe.

In an announcement, CPPIB said that there is also an option to invest another $150 million. The announced investment will double ADCF’s combined and co-investment interest up to $1 billion, double the fund’s initial target size of $500 million.

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