Private equity firm HighBrook Investors has closed its first US data center fund.

The company this week announced the successful close of its inaugural data center fund, HighBrook US DCF, LP, with $266 million in total commitments. News that the firm was launching a data center fund surfaced last year.

HighBrook said the fund saw contributions from existing investors alongside new institutions, including leading endowments and foundations, public pensions, funds of funds, family offices, consultants, and wealth managers.

Prior to its final close, the fund was fully seeded, including three infill industrial investments for data center development in Fairfax County, Virginia.

HighBrook said these assets have 300MW of contracted utility power, with substation equipment already on order. The sites have by-right zoning for data center development. Further details on the three sites haven’t been shared.

Development of the sites will be led by Centra, an operator and developer based in Virginia.

HighBrook confirmed to DCD this Centra is a different operator to the one backed by Columbia Capital.

“Demand for data center capacity continues to grow, but the market is increasingly constrained by access to power,” said Brian Carr, managing partner of HighBrook Investors. “This is particularly evident in core markets such as Northern Virginia and has created a compelling investment opportunity for experienced, execution-focused platforms like HighBrook.

"By securing advanced-stage power solutions early and identifying strategic sites, we were able to mobilize quickly and are grateful for the strong support from our investors. The strategy reflects HighBrook’s disciplined and thematic investment approach combined with our hands-on asset management and deep local market expertise to deliver scalable, institutional-quality assets.”

Founded in 2010, HighBrook is a real estate private equity firm focused on acquiring and managing properties in select growth markets in Europe and the US. Affiliated Managers Group, Inc. (AMG) is an American financial services firm with $813 billion in assets under management. Last month, it invested an undisclosed amount into HighBrook, taking a minority stake.

HighBrook’s investments include logistics and industrial developments in the Netherlands, Minneapolis, and Virginia, as well as residential and office projects in the US and Europe. The company said it has now closed on more than $2.5 billion of capital commitments across its funds and investment vehicles.

Monument Group acted as placement agent for the fund.