October 20， 2025
BGO, a leading global real estate investment manager, announced today the successful final close of its inaugural U.S. Industrial Strategies I fund, a milestone bolstered by a significant data center co-investment. The firm confirmed the close of its dedicated Data Center Co-Investment fundraise, which totaled approximately $260 million and was established in connection to the main fund. Combined, the inaugural fundraise for this closed-end strategy totaled approximately $800 million, projecting a gross asset value of $2.43 billion. This substantial capital pool is already being directed toward securing up to 800 MW of power capacity to enable the construction of up to 3.2 million square feet of data centers.
This first fund under the U.S. Industrial Strategies banner features a prime portfolio of eight industrial projects developed in collaboration with NorthPoint Development, three of which are specifically planned for data center development. The portfolio spans more than 1,500 acres across strategic U.S. markets, boasting 17.1 million square feet of buildable area. To date, 6.4 million square feet has already been constructed, with 5.0 million square feet leased to a diverse mix of institutional-grade tenants, demonstrating strong market demand and validating the strategy's focus on next-generation industrial and digital infrastructure.
“What we’ve been able to achieve to date through Industrial Strategies I reflects growing investor conviction in BGO’s ability to deliver the next generation of state-of-the-art digital infrastructure, and state-of-the-art, power-hungry logistics facilities,” said John Carrafiell, Co-CEO of BGO. He elaborated on the firm's unique approach, stating, “By combining institutional real estate expertise with deep utility-grade energy insight, we’re creating three shovel-ready powered sites with access to critical infrastructure—substations, transmission lines, and fiber networks. In today’s power-constrained environment, our data science-driven approach enables us to identify and deliver precisely what hyperscale users need—at scale, speed, and certainty.”
The capital for this ambitious venture was secured from a broad institutional base. The main U.S. Industrial Strategies I fund received commitments from nine domestic institutional investors, including pension funds and insurance groups. Separately, the data center co-investment attracted nine additional investors from a similarly diversified base, which included three international participants from Canada and Switzerland. Through its ongoing partnership with NorthPoint Development, the team is developing modern buildings with sufficient height and power to enable tenants to significantly improve operational efficiencies. All the sites, which were pre-acquired off-market on a pre-entitlement basis, are now fully committed, marking the completion of the fund's investment phase.
SOURCE Bgo.com
