Bank of Singapore Launches Data Center Investment Fund
The fund provides exposure to regional infrastructure assets as the Asia-Pacific data center market grows toward 2031.
Updated on Oct. 29, 2026 in Data Centers
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Bank of Singapore has launched a private markets fund providing investors with exposure to institutional-grade data center assets across the Asia-Pacific region. The offering follows the recent closure of the subscription period for the Keppel Data Centres S64 Access Fund SP9.
Why it matters
The fund addresses increasing capital demand for digital infrastructure, which is being driven by the growth of AI, cloud computing, and enterprise-wide digitalization. It serves as a vehicle for portfolio diversification within the expanding global data center market.
Keppel currently manages 39 data center assets across Asia-Pacific and Europe with a total gross power capacity exceeding 900 megawatts. As of September 30, 2026, the firm reported S$18 billion in connectivity funds under management.
The players
Bank of Singapore
A private banking subsidiary of OCBC that provides wealth management services and distributed the Keppel data center fund.
Keppel
An asset manager and developer with an integrated portfolio of 39 data centers and over 900 megawatts of power capacity.
The details
The fund provides investors with direct exposure to Keppel Data Centre Fund III and additional opportunistic assets. The strategy utilizes Keppel’s integrated operational capabilities, which span energy procurement, specialized cooling systems, and connectivity infrastructure. This approach is intended to support high-density compute requirements necessary for modern AI and cloud workloads.
Timeline
August 2026: Keppel was awarded 50MW of data center capacity in Singapore.
September 30, 2026: Keppel reached S$18 billion in connectivity funds under management.
October 29, 2026: Official publication of the news.
The Tech Race
The launch of this fund aligns with Keppel's recent acquisition of 50MW of capacity in Singapore to sustain its regional infrastructure expansion. This project sits at the forefront of the firm's broader S$18 billion connectivity fund portfolio.
Institutional investors gain access to a sector currently seeing significant valuation growth, with the Singapore market alone expected to expand by nearly 60% by 2031. No individual retail access or specific performance data beyond the fund structure has been announced.
The takeaway
The rise of private market vehicles for data centers highlights the massive capital expenditure required to keep pace with global AI demand. Investors should track the progress of the S$1 billion Keppel Data Centre Singapore 11 project to gauge the real-world operational success of these investments.
Further reading
For broader trends in global infrastructure, explore the Data Centers section.
Source note: This article includes information reported by Finews.
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