Strategic Capital Fund Management, LLC has announced the formation of a data center investment platform, Strategic Datasphere LLC (Datasphere).

Datasphere will be focused on the acquisition, development, and management of data center facilities, including through sale-leaseback transactions with leading technology, communications, cloud, enterprise, and public sector tenants. Datasphere will invest across North America and Europe to develop a diversified portfolio of high-quality assets and tenants. The investment platform has received initial commitments of up to US$500 million of equity capital from its U.S.-based investment partner, which will support more than US$1.5 billion of data center investments, and may be supplemented with additional equity commitments over time.

Barclays Capital and PJ Solomon Securities served as financial advisors and placement agents to Strategic Capital on the transaction, while Morrison & Foerster and Barnett Bolt Kirkwood Long Koche & Foster served as legal counsel.