Fifteenfourtyseven Critical Systems Realty is seeking to raise $250m (€232.3m) for its date centre fund, according to a SEC filing.

IPE Real Assets understands that the fundraising for 1547 Data Center Real Estate Fund II could be exceeded.

Fifteenfourtyseven is known for acquiring assets alongside other managers. The 1547 Data Center Real Estate Fund II fund is the manager’s first major independent fund.

Fifteenfourtyseven is a developer, operator, and owner of data centres with over 1.1m sqft of data center space under management throughout North America and Europe, according to the manager’s website.

To read the latest IPE Real Assets magazine click here.