BlackChamber Real Estate Opportunity Fund II, an opportunistic real estate fund focused on the development of hyperscale data centers in the United States, has held a final close.

The fund secured $830 million of committed capital from a diverse mix of global institutions, including sovereign wealth funds, public and corporate pensions, insurance companies, endowments, foundations and family offices.

In addition, the fund had approximately $1.3 billion of sidecar capital allocated alongside the fund commitments, confirmed a spokesperson from Hodes Weill Securities, which acted as exclusive financial adviser and global placement agent to Black Chamber Partners. This brings the fundraising total to approximately $2.1 billion.