About This Fund
Keppel Data Centre Fund III (KDCF III) is a private infrastructure fund launched by Keppel Ltd., designed to invest in the development and operation of hyperscale-ready, sustainable data centres across the Asia-Pacific region. In April 2025, the fund reached its first close with approximately US$580 million raised from institutional investors including pension funds, sovereign wealth funds, and insurance firms. The fund builds on the track record of Keppel’s earlier data centre vehicles, aiming to meet the surging demand for digital infrastructure spurred by the rise of AI and digital transformation. KDCF III emphasizes a de-risked approach through pre-commitments or long-term lease agreements with hyperscale clients, ensuring leasing stability and enhanced investor confidence. KDCF III leverages Keppel’s vertically integrated platform to deliver energy-efficient data centres, incorporating renewable energy sources and advanced cooling systems. This not only supports ESG commitments but also aligns with global trends toward sustainable infrastructure. The fund is strategically positioned to shape digital infrastructure across major growth markets in Asia-Pacific.