Alpha Investment Partners investment fund smashes US$500m target

It scored an allocation of US$350m with an option to add US$150m.

Alpha Investment Partners bagged an initial allocation of US$350m with an option to invest another US$150m from Canada Pension Plan Investment Board (CPPIB) for its Alpha Data Centre Fund (ADCF).

According to a press release, CPPIB’s latest commitment and option will bring the ADCF’s combined and co-investment interest up to US$1b, double its initial target size of US$500m. Keppel Data Centres Holdings Pte. Ltd. (Keppel Data Centres) will manage the assets that will be acquired through the fund.

The ADCF was launched in July 2016 by Alpha, the private fund management arm of Keppel Capital, amidst "interest from institutional investors for quality alternative asset classes." ADCF aims to invest in greenfield and brownfield data centre assets in Asia Pacific and Europe.

The fund will also tap Keppel Group's management, technical engineering, and operational disciplines to help in the facilities.

In July 2017, ADCF acquired a 70% stake in the Keppel DC Singapore 4, a carrier-neutral data centre which has approximately 182,000 sqft. of gross floor area.

In December 2016, ADCF announced its maiden acquisition of a 60% interest in Keppel DC Frankfurt 1 in Germany, a two-storey facility located near the city centre and Frankfurt airport.

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