The Sacramento-based California State Teachers’ Retirement System (CalSTRS) contributed to the recent final closing of the GI Data Infrastructure Fund with a $150 million commitment.
The vehicle, managed by GI Partners, was oversubscribed at $1.8 billion and surpassed its initial target of $1.25 billion last week. A spokesperson for CalSTRS confirmed this was an investment in a new product with an existing manager.
The GI Data Infrastructure Fund will invest in hard asset infrastructure companies and properties underpinning the digital economy. The vehicle will invest across four data infrastructure subsectors — data centers, data transport, wireless access and tech-enabled infrastructure — primarily in North America.
GI Data Infrastructure’s diverse global investor base represents 11 countries and includes sovereign wealth funds, pensions, financial institutions, investment management firms, foundations and family offices.