University of Kentucky contributes to IPI II’s $3.8b final close

The University of Kentucky has committed $8 million to IPI Partners II on behalf of its private real assets portfolio in February.

IPI II, which is managed by IPI Partners, 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.

The value-added data center completed its final closing in April at $3.8 billion, surpassing its $1.5 billion fundraising target and bringing the total amount IPI has raised to more than $5.25 billion in total equity capital commitments since its inception.

IPI II began investing in 2020 and most recently closed on the acquisition of SUPERNAP Italia, a Milan-based data center platform.