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Family offices invest in infrastructure Internet fund
Real Estate - MARCH 26, 2019

Family offices invest in infrastructure Internet fund

by Andrea Zander

Mount Elbert Capital Partners has completed the final closing of its first fund, Mount Elbert Capital Partners Fund 1.

The fund closed on equity commitments totaling $382 million, surpassing the initial target of $290 million.

In raising Fund 1, Mount Elbert attracted a range of global investors, including pension funds, endowments and family offices.

Fund 1 was 22 percent invested at Dec. 31, 2018, investing alongside global institutional investors GIC and OPTrust in EdgeCore Internet Real Estate.

EdgeCore is an investment vehicle developing, acquiring, and operating data centers and related infrastructure, and has been initially capitalized with more than $900 million of equity targeted to support approximately $2 billion in data center development. In addition to Mount Elbert’s investment through Fund 1, Mount Elbert affiliates serve as general partner of and provide asset management, development, and leasing services to EdgeCore.

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