ESR Group Limited (ESR), a real asset manager focused on the APAC region, has closed Data Centre Fund 1 (ESR DC Fund 1), its inaugural investment vehicle dedicated to the development of its growing data centre business, with over $1 billion in equity commitments
ESR will raise a separate discretionary capital sleeve to co-invest into the fund which will likely close the balance of the fund at the hard cap of $1.5 billion.
Additionally, the partners have an upsize option of an additional equity commitment of $1.5 billion, that would bring the total investment capacity to as much as $7.5 billion over time.
Read more: Private Equity Wire
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