SCOTTSDALE, Ariz., July 17,
2023 /PRNewswire/ -- GI Partners, a leading private
alternatives investment firm, has announced the acquisition of a
65% interest in the ownership of two hyperscale data centers in
Elk Grove Village, IL in
partnership with Digital Realty Trust (NYSE: DLR). GI Partners is
making the investment on behalf of its Essential Tech + Science
Fund (GI Partners ETS Fund LP, the "ETS Fund"), the firm's
open-ended core-plus fund. The properties are over 90% occupied,
primarily by investment-grade customers, and provide significant
connectivity both to the Midwest region and nationally.
In conjunction with the transaction, Digital Realty Trust has
retained a 35% interest and will continue to manage the day-to-day
operations of the properties. The two properties have approximately
67 megawatts of IT capacity, serving a mix of hyperscale,
enterprise and carrier customers.
"We are excited to announce the formation of a joint venture
with one of the leading data center operators in the world and a
company that GI Partners helped launch in 2001," said Rick Magnuson, Founder and Executive Managing
Director at GI Partners. "We look forward to our renewed
partnership with Digital Realty and growing these assets alongside
their team."
John Sheputis, Managing Director
and Head of the ETS Fund, said, "These properties were designed to
serve today's increased dense computer customer requirements and
have been exceptionally maintained by a world-class team."
Rahul Chandiok, Principal, added,
"The properties are able to provide efficient, high-density
solutions for artificial intelligence and machine learning
deployments while also providing low-latency connectivity to the
Midwest market and to other major data center clusters."
Since launching in 2021, the ETS Fund has acquired twenty-two
properties and is actively investing in a diverse portfolio of data
centers, life sciences properties, and "Always On" facilities
across key markets in North
America.
About GI Partners
Founded in 2001, GI Partners is a
private investment firm with over 150 employees and offices in
San Francisco, New York, Dallas, Chicago, Greenwich, Scottsdale, and London. The firm has raised more than
$40 billion in capital and invests on
behalf of leading institutional investors around the world through
its private equity, real estate, and data infrastructure
strategies. The private equity team invests primarily in companies
in the healthcare, services, and software sectors. The real estate
team focuses primarily on technology and life sciences properties
as well as other specialized types of real estate. The data
infrastructure team invests primarily in hard asset infrastructure
businesses underpinning the digital economy. For more information,
please visit www.gipartners.com.
Media Contacts:
Chris Tofalli
Chris Tofalli Public Relations
914-834-4334
chris@tofallipr.com
Gretchen Robinson
Investor Relations
pr@gipartners.com
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SOURCE GI Partners