Black Chamber Partners has raised $2.1bn (€1.9bn) for its latest opportunistic US data centre strategy.
IPE Real Assets understands that $830m of the raised capital was for Black Chamber Real Estate Opportunity Fund II, with the rest allocated to co-investments. The fund had an initial fundraising target of $1bn.
California State Teachers Retirement System said it made a $350m commitment to the Black Chamber fund and the co-investment vehicle.
Earlier this year, Black Chamber paid $190m for a 65-acre site in Manassas, Virginia, which currently houses five warehouse buildings totaling 502,000sqft and is 98% occupied.
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