Harrison Street has secured $600m (€572m) in capital commitments for data centre investments.
The real assets manager said the capital raised for its HS Digital Fund and associated vehicle marks the firm’s first dedicated investment pool for its digital assets platform.
Christopher Merrill, co-founder, chairman and CEO of Harrison Street, said: “For two decades, we have identified and invested in needs-based assets that address key demands of the shifting global market, and the growth of our digital asset platform builds on our legacy of being a first mover and industry leader across alternative sectors.
“We are proud to receive support from our investors for a dedicated vehicle at a pivotal time in the growth of the digital assets sector, and we look forward to continuing to invest in well-connected digital assets across North America.”
Michael Hochanadel, MD and head of digital at Harrison Street, said: “We are excited to expand our platform in the digital assets sector and pursue a pipeline of digital asset investments supported by surging data consumption.
“With our strong partnerships with top-tier operators and developers, our deep understanding of the evolving primary and secondary markets, and the confidence investors place in our platform, we feel we are well positioned to capitalise on the investment opportunities ahead.”
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