IPI Partners, LLC (IPI), a global investment platform focused exclusively on data centers and other technology and connectivity-related real assets, today announced the final closing of IPI Partners II, L.P. (IPI II) at $3.8 billion. IPI’s second fund attracted demand well in excess of its target, reflecting strong support from a global institutional investor base.

With the closing of IPI II, IPI has raised more than $5.25 billion in total equity capital commitments since its inception. IPI is co-sponsored by ICONIQ Capital, LLC and an affiliate of Iron Point Partners, LLC.

IPI II acquires, develops, leases, and operates data centers and related assets that serve the digital capacity needs of large, high-quality technology companies globally. Over the last four and a half years, IPI has built one of the world’s largest privately held data center portfolios with 480 megawatts leased and capacity for more than 880 megawatts.

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Source: Business Wire