BlackChamber Real Estate Opportunity Fund Il, an opportunistic real estate fund focused on the development of hyperscale data centers in the United States, has held a final close.
The fund secured $830 million of committed capital from a diverse mix of global institutions, including sovereign wealth funds, public and corporate pensions, insurance companies, endowments, foundations, and family offices.
In addition, the fund had approximately $1.3 billion of sidecar capital allocated alongside the fund commitments, confirmed a spokesperson from Hodes Weill Securities, which acted as exclusive financial adviser and global placement agent to Black Chamber Partners. This brings the fundraising total to approximately $2.1 billion.
The fund, which had a fundraising target of $1 billion, was oversubscribed, with commitments surpassing its negotiated hard cap.
