GI Partners announced the final closing of its inaugural Data Infrastructure Fund, which totaled US$ 1.8 billion in commitments from a broad group of investors. The fund was oversubscribed and surpassed its initial target of US$ 1.25 billion.

The Fund will invest across four data infrastructure subsectors data centers, data transport, wireless access, and tech-enabled infrastructure, primarily in North America.

The Fund was activated in January 2020 when it invested in DR Fortress, the premier data center business in Hawaii. In June 2020, the fund acquired Blue Stream Fiber, a high-speed broadband provider in Florida. GI Partners’ other exited investments in the IT infrastructure sector include The Telx Group, The Planet, SoftLayer Technologies, ViaWest, and Wave Broadband. Park Hill Group served as placement agent and Kirkland & Ellis served as legal counsel for the raise.