The Virginia Retirement System (VRS) has committed $225 million to IPI Partners Fund III, managed by IPI Partners, a firm dedicated to building the essential infrastructure of the data economy.
IPI Partners Fund III is a closed-end commingled fund that is specifically investing in data centers around the globe. The fund is seeking to raise $4 billion to acquire, develop, lease and operate data centers and related assets that serve the digital capacity needs of large, high-quality technology companies globally.
The fund is targeting a mixture of stabilized assets, as well as some build-to-suit development projects primarily in the United States.
For more information about this commitment or other funds, please visit our IREI.Q database.
