Canada Pension Plan co-invests US$350 million in Keppel’s Alpha Data Centre Fund

SINGAPORE (Oct 12): Canada Pension Plan Investment Board (CPPIB) is partnering Alpha Investment Partners and Keppel Data Centres Holdings to invest an initial US$350 million ($474 million) in the Alpha Data Centre Fund (ADCF), with the option to invest another US$150 million.

CPPIB’s latest commitment and option will bring the ADCF’s combined and co-investment interest up to US$1 billion, double the Fund’s initial target size of US$500 million. When fully leveraged and invested, the fund will potentially have assets under management of US$2.3 billion.

Alpha and Keppel Data Centres are both part of the Keppel Group.

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