Bank of Singapore expands private markets offering
Bank of Singapore has expanded its private markets offering with a fund providing clients access to data centre investments across Asia-Pacific, tapping into growing demand for digital infrastructure driven by artificial intelligence (AI), cloud computing and enterprise digitalisation.
The Keppel Data Centres S64 Access Fund SP9 was originated by and exclusively distributed through Bank of Singapore during a limited subscription period. The offering has since closed and was among the bank’s most successful closed-ended offerings in years, reflecting strong investor interest in the asset class, it says in a statement.
The fund provides exposure to Keppel’s third data centre fund, Keppel Data Centre Fund III, alongside selected data centre investment opportunities. Its portfolio strategy targets institutional-quality assets across the Asia-Pacific region, including Singapore, where supply constraints have supported the market’s growth prospects.
According to market research firm Arizton Advisory & Intelligence, Singapore’s data centre market is projected to grow from US$3.25 billion in 2025 to US$5.11 billion by 2031.
The investment strategy draws on Keppel’s integrated capabilities across data centres, energy, cooling and connectivity infrastructure. As at end-September 2026, Keppel’s connectivity funds under management had reached S$18 billion, supported by 39 data centre assets across Asia-Pacific and Europe with more than 900 megawatts of gross power capacity.
Keppel was also among four companies provisionally awarded 50MW of new data centre capacity in Singapore in August, following the government’s second Data Centre Call for Application exercise. The award will support the development of Keppel Data Centre Singapore 11, an AI-ready facility on Jurong Island requiring an expected investment of more than S$1 billion.
Jean Chia, global chief investment officer at Bank of Singapore, said private markets were becoming an increasingly important component of client portfolios as investors sought diversification and exposure to long-term structural growth opportunities beyond public markets.
The latest offering forms part of the bank’s broader push to provide clients with differentiated alternative investments. Other offerings over the past two years have included Veritas Capital Fund IX, Coller Private Equity Secondaries Fund and PIMCO Absolute Return Strategy Fund IV.
he bank said such strategies are designed to diversify portfolios, capture long-term growth trends and help moderate overall portfolio volatility.
