Cloud Capital, a global data center investment management firm, has announced the final close of Cloud Capital Fund II, an opportunistic closed-end investment vehicle focused on acquiring and developing high-quality data centers across the United States. Financial terms of the fundraise were not disclosed, however Cloud Capital shared the fund was oversubscribed.
The fund attracted a diverse group of institutional limited partners, including U.S. public and corporate pension funds, asset management firms and family offices across North America, Europe, the Middle East and Asia Pacific.
Cloud Capital Fund II focuses on acquiring and developing strategically located data center assets across the United States that support hyperscale and artificial intelligence (AI)–driv
