KKR

‘No other sector like it’: KKR sees no let-up in AI-driven infrastructure boom after STT GDC deal

Deep pools of private capital are chasing data centres, one of Asia’s most capital-intensive asset classes

KKR’s shares and those of its publicly traded peers have been battered, amid mounting concerns among investors about the weakness in private credit and software investments.

KKR’s profit takes a hit from clawback at Asia private equity fund

Its adjusted net income falls to US$1.12 a share, short of the US$1.15 average estimate of analysts

STT GDC operates six data centre facilities in Singapore, including at one-north (pictured).
BT EXPLAINS

A S$13.8 billion data centre prize: Why KKR, Singtel and GIC want Temasek-backed STT GDC

The deal could potentially transform Singtel into a data centre powerhouse.

STT Singapore 6 (above). Despite the heavy investment in data centres, Singtel’s dividend yield is projected to remain one of the most attractive among the blue-chip constituents of the STI.
NEWS ANALYSIS

No longer a ‘boring’ telco: Singtel’s multibillion-dollar data centre bet with KKR to power its transformation

By teaming up with KKR to take a controlling stake in STT GDC, the telco is moving from the regional league to the global main stage

STT GDC has more than 100 data centres in over 20 markets worldwide – including Singapore, Germany and Malaysia – with a total IT load of 2.3 GW.

Analysts see KKR-led STT GDC deal accelerating Singtel’s push to digital infrastructure

The deal positions the telco as one of Asia-Pacific’s largest data centre players

Based in Singapore, STT GDC is one of Asia’s largest data centre operators with more than 100 such facilities across 20 markets.

GIC, Mubadala said to be set to join KKR in US$10 billion STT Deal

Data centres are attracting a lot of investor interest, not least because of their role in the artificial intelligence boom

The investment firm will acquire the Singapore-based global data centre provider from its parent company.

KKR-led group set to buy Singapore data-centre firm valued at over US$10 billion

If successful, the deal would rank among Asia’s biggest data centre transactions

The buyback reflects a strong belief that the business is on the cusp of a major growth phase, the source says, citing emerging opportunities amid global clients redesigning supply chains.

PE giant KKR sells container firm Goodpack back to Lam family in US$1.4 billion deal: source

The move comes after the private equity player put Goodpack up for sale in October 2024, based on media reports

Asia offers better risk-adjusted returns, enabling KKR to secure deals with lower leverage, better lender protections and higher spreads compared with the US and Europe.

KKR Asia credit fund draws 75% new investors as decoupling rises

The optimism around Asian private credit runs counter to a broader global pullback

KKR has been expanding its private debt footprint in Asia.

KKR secures US$2.5 billion for second Asia private credit fund

The Asia Credit Opportunities Fund II final close includes US$700 million from separately managed accounts