Data center operator fifteenfortyseven Critical Systems Realty (1547) is seeking to raise an additional $250 million for its digital infrastructure fund.

The funding round could exceed the sum already raised by the company as part of its 1547 Data Center Real Estate Fund II, according to IPE Real Assets, which first reported the news.

A developer, operator and owner of data centers across North America, 1547 has data centers across the US and Europe, and manages more than 1.1 million sq ft (102,193 sqm) of data center space.

It is in the process of constructing a 290MW data center campus in Chester County, Pennsylvania which, according to an update released last month, will be up and running by 2025-2026. It purchased land for the development, which is being built in partnership with Green Fig Land Company, in 2022.

The 1547 Data Center Real Estate Fund II is its first major independent fund, as the company is known for working in partnerships. It has worked with investment fund Harrison Street on a number of deals, most recently the purchase of carrier hotel Chase Tower in McAllen, Texas, a 17-story facility that spans more than 209,000 sq ft.

The two companies also worked together to acquire the Pittock Block carrier hotel in Portland, Oregon, for $326 million and acquired CIM Group’s stake in four US data centers co-owned with 1547. Harrison and 1547 have completed a number of other data center deals together including the Wells Building carrier hotel in Milwaukee, Wisconsin.

Speaking at the time of the Chase Tower acquisition, J. Todd Raymond, CEO of 1547, said: “1547 continues to move forward on its mission to create an ecosystem of highly dense and interconnected data centers in key markets throughout the United States.”