Pure play data center funds aren't all that common, a lot of folks target investments in the sector through funds with a multi-asset class mandate, but a few that I know of are below.
Edgecore is based in Denver and is currently targeting a $1B for their first raise (ex-CoreSite people)
GI Partners has its Techcore/Datacore vehicles not sure what the status of those is ('12 &'14 vintage funds)
SDC Capital Partners out of New York has/had a fund (think it was '18 vintage), guessing they were probably in process of raising the next in that fund series
That's a good one. Last fund was ~$1.5B (don't quote me on that). Iron Point has been investing in data centers for a while through their flagship funds and if memory serves IPI is their JV with ICONIQ.
This comment is not for the topic starter, but a comment in general. Just my 2 cents.
Why the sudden interest in data centers? Before the covid-19 pandemic investors had a lot of concerns regarding the speed of technology and therefore in datacenters becoming absolete before lease renegotiation.
Yes, it looks like a safe haven now, with long leases and a lot of uncertainties for the traditional asset classes, but the risk/return perspective has not changed in the past 3 months.
I'm reading a lot on covid-19 being an accelerator of trends, but lets not forget tenants didnt change their behaviour much after 9/11 and Sars in Asia.
I dont know as much about Data Center - but isn't the risk of technology become outdated limited to 'turnkey' data centers where the landlord provides the infrastructure and the tech, and not 'powered shell' data centers? Looking to learn more on this space myself.
This is the type of fund I am thinking of. Primary acquisition criteria is based on data center location requirements with all infrastructure stubbed/easily accessible.
As someone mentioned above there are likely dozens of firms snatching up these properties but not specifically for data centers.
I am extremely naive in the subject matter but seems like plenty of niche funds would be focused on this.
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Keppel DC REIT
Lol
Pure play data center funds aren't all that common, a lot of folks target investments in the sector through funds with a multi-asset class mandate, but a few that I know of are below.
IPI Partners
That's a good one. Last fund was ~$1.5B (don't quote me on that). Iron Point has been investing in data centers for a while through their flagship funds and if memory serves IPI is their JV with ICONIQ.
This comment is not for the topic starter, but a comment in general. Just my 2 cents.
Why the sudden interest in data centers? Before the covid-19 pandemic investors had a lot of concerns regarding the speed of technology and therefore in datacenters becoming absolete before lease renegotiation.
Yes, it looks like a safe haven now, with long leases and a lot of uncertainties for the traditional asset classes, but the risk/return perspective has not changed in the past 3 months.
I'm reading a lot on covid-19 being an accelerator of trends, but lets not forget tenants didnt change their behaviour much after 9/11 and Sars in Asia.
Tell that to Downtown Manhattan landlords who didnt see rents rebound to their 2001 numbers for 15 years.
I dont know as much about Data Center - but isn't the risk of technology become outdated limited to 'turnkey' data centers where the landlord provides the infrastructure and the tech, and not 'powered shell' data centers? Looking to learn more on this space myself.
This is the type of fund I am thinking of. Primary acquisition criteria is based on data center location requirements with all infrastructure stubbed/easily accessible.
As someone mentioned above there are likely dozens of firms snatching up these properties but not specifically for data centers.
I am extremely naive in the subject matter but seems like plenty of niche funds would be focused on this.
Sint debitis voluptatem et architecto. In aut quia id culpa iure. Velit neque impedit vel totam.
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