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Laxman Pai, Opalesque Asia:

San Francisco, CA-based private investment firm GI Partners closed its inaugural Data Infrastructure Fund, which totaled $1.8 billion in commitments from a broad group of investors.

The GI Data Infrastructure Fund was oversubscribed and surpassed its initial target of $1.25 billion. GI Data Infrastructure's diverse global investor base represents 11 countries including sovereign wealth funds, pensions, financial institutions, investment management firms, foundations, and family offices.

"The GI Data Infrastructure Fund continues the firm's 20-year history of control-oriented investing in hard asset infrastructure companies and properties underpinning the digital economy," claimed a press release from the PE firm.

The Fund will invest across four data infrastructure subsectors data centers, data transport, wireless access, and tech-enabled infrastructure, primarily in North America. The team, which works closely with the firm's private equity and real estate teams and leverages the firm's broad resources, is led by Steve Smith, who was previously CEO of Equinix (the world's largest data center company), and Mark Prybutok, an experienced data infrastructure investor.

"Technology and communications are the largest and fastest-growing drivers of the global economy and the infrastructure that supports these sectors is critical to the operation of every business, government, and household in the developed world," said S......................

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