The Educational Employees Retirement System of Fairfax County (Va.) has backed one data center fund, according to a May board document.
Fairfax committed $13.5 million to IPI Partners II, a data center fund managed by IPI Partners. 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.
The fund is targeting a mixture of stabilized assets, as well as some build-to-suit development projects, primarily in the United States. In April, the fund completed its final close at $3.8 billion, surpassing its hard cap of $1.5 billion.
