IPI is co-sponsored by ICONIQ Capital and Iron Point Partners. IPI's biggest data centre move so far took place at the beginning of 2019, when it combined facilities it acquired from T5 Data Centers with three sites previously owned by Infomart, to create the Stack Infrastructure business.
IPI says it has now built one of the world’s largest privately held data centre portfolios, with 480MW leased and a capacity of over 880MW.
It most recently closed on the acquisition of SUPERNAP Italia, the Milan-based data centre operator.
“Fundraising for our second round has been a resounding success, our recent achievements and established market presence have earned the trust and confidence of a wide range of high quality and sophisticated investors,” said Matt A’Hearn (pictured), partner at IPI.
“The fund’s close comes at a truly ideal time, aligning with the large and growing opportunity we see at the core of our investment strategy.”
Jeff Felder, managing director and head of real estate at ICONIQ Capital, added: “IPI has quickly differentiated itself as the partner of choice for large-scale technology companies that are facilitating an ongoing global digital transformation.”
IPI is headquartered in Chicago with offices in San Francisco, Amsterdam and Singapore.
Last October, Stack Infrastructure broke ground on the construction of its new POR03 campus in Hillsboro, Oregon. The new 28-acre campus will include an initial 24MW building due to be ready in Q3 this year. It has a total campus capacity of 84MW.
