GI Partners, a leading private investment firm with a long history of investing in technology and science real estate, announced the conclusion of its initial fundraising period for the firm’s newest vehicle, the GI Real Estate Essential Tech + Science Fund (GI Partners ETS Fund LP – the “ETS Fund” or the “Fund”).
The initial fundraise period for the firm’s first commingled real estate fund surpassed expectations, exceeding the hard cap with total commitments reaching $1.45 billion and representing one of the largest initial raises for an open end real estate fund in recent years.
Continuing the firm’s downside-protected growth investment strategy, the Fund seeks to invest in real estate assets that continuously operate in order to support mission critical functions of the technology and life sciences industries. The ETS Fund acquires data center properties, life sciences buildings, and “always on” research & development facilities within the office and industrial sectors. Since launching in 2021, the Fund has acquired eight properties in key growth markets, including the Bay Area, CA; the greater Boston area, MA market; Philadelphia, PA; and Research Triangle Park, NC.
Read more: PRNewswire
