Keppel Bags $2b in Capital Commitments Across 3 Flagship Funds

Keppel secured fresh capital commitments of close to $2 billion across three flagship funds, Keppel Data Centre Fund III (KDCF III), Keppel Education Asset Fund II (KEAF II) and the Sustainable Urban Renewal (SUR) strategy.

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The capital commitments take Keppel's funds under management (FUM) to around $4.9 billion.

This includes US$580 million (S$755 million) of initial capital commitments raised at the first close of its third data centre fund KDCF III, as well as US$307 million of committed capital raised at the first close of its KEAF II.

It also includes fresh capital commitments of around $760 million raised for its SUR fund, Keppel said on April 21.

Ms Christina Tan, chief executive officer of fund management and chief investment officer at Keppel, said the recent round of capital secured brings Keppel closer to its interim FUM target of $100 billion by 2026.