Investment firm Harrison Street has raised hundreds of millions of dollars for its first fund dedicated to data centers.

The company this week announced that it had closed approximately $600 million in capital commitments across its HS Digital Fund and associated vehicles.

With a final close in December, the fundraise represents Harrison Street’s first dedicated pool of investment capital for its digital assets platform.

“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,” said Christopher Merrill, co-founder, chairman, and CEO of Harrison Street. “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.”

Founded in 2005, Harrison Street is an investment management firm exclusively focused on alternative real assets. The firm has approximately $56 billion under management.

Since 2018, Harrison Street said it has committed more than $5.6 billion to powered shells, carrier hotels, colocation sites, and dark fiber assets. The firm has invested in over two dozen digital assets, including more than 6.5 million sq ft (603,870 sqm) of data centers with more than 2.1GW of capacity.

The company has previously partnered with fifteenfortyseven Critical Systems Realty (1547 CSR), PowerHouse, and Lincoln on data center projects and acquisitions.

Michael Hochanadel, managing director and head of digital at Harrison Street added: “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 capitalize on the investment opportunities ahead.”