Keppel’s secured an additional US$500 million in committed capital from one of Europe’s largest pension funds, boosting its dry powder for investments in the education sector. This follows KEAF II’s successful first close in April 2025 with commitments from both returning and new LPs across sovereign wealth, insurance, pension and endowment institutions.
Keppel has raised $6.3 billion in total funds under management (FUM) y-t-d- for its private fund strategies in data centres, education assets and sustainable urban renewal.
This includes the latest capital commitments of approximately US$700 million ($907 million) secured from global institutional investors for its Keppel Education Asset Fund II (KEAF II) and Keppel Data Centre Fund III (KDCF III). These commitments represent approximately $2.3 billion in new FUM.
