First round closed in February of this year
Cloud Capital has completed the final close of Fund II, a data center investment vehicle.
The September 10 announcement revealed that the fund, which will focus on acquiring and developing hyperscale and AI-focused data centers in the US, was oversubscribed.
The participants, who were unnamed, included US public and corporate pensions funds, asset management firms, and family offices from North America, Europe, the Middle East, and Asia-Pacific.
Further details about the size of the fund were also undisclosed.
Fund II closed its first round in February of this year after fulfilling 50 percent of the fund’s total target size.
This was preceded by news that the firm had raised $1.325 billion in asset-backed securities in December of last year.
Established in 2020 as the investment management affiliate of data center operator CloudHQ, Cloud Capital describes itself as a specialized investment management firm focused on acquiring, managing, and operating high-quality data centers. Its website states that it has more than $5bn worth of data center assets under management, with 23 assets owned and more than 330MW in contracted IT load. These investments are concentrated in the US.
CloudHQ has existing and planned data center developments across Virginia, Illinois, Minnesota, California, Texas, Mexico, Brazil, the UK, France, Germany, the Netherlands, Italy, Thailand, and Japan.
Source: DCD
