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Nikkei Markets

Canadian Pension Fund To Invest In Singapore Keppel's Asset Management Business

By Singapore Newsroom
Nikkei Markets
SINGAPORE (Oct 12) -- 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.

Keppel Corp is best known for its rig building and property businesses.
- By Singapore Newsroom; sgeditorial@nikkeinewsrise.com; +65 6331 6250
- Edited by Lopamudra Bhattacharya
- Send Feedback to feedback@nikkeinewsrise.com
- Copyright (c) 2017 Nikkei NewsRise Asia Pte Ltd.

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