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Laxman Pai, Opalesque Asia:

Global alternative investment manager Ares Management Corporation has closed its inaugural Japanese data center fund at $2.4 billion.

The new fund, Japan DC Partners I (JDC I), will focus on the development of three data center campuses in Tokyo, positioning the firm to serve surging demand from cloud and artificial intelligence (AI) providers.

"These development assets will incorporate strong sustainability standards, including renewable-enabled power sourcing and cooling systems aligned with leading water efficiency protocols," according to a media release from the asset management company operating in the credit, private equity, and real estate markets.

The Fund's campuses will be developed and operated by Ada Infrastructure, a global data center platform acquired by Ares as part of the GCP International transaction and now vertically integrated into Ares. Supported by a dedicated team of over 70 professionals worldwide, Ada provides in-depth expertise in executing complex data center projects, it said.

According to the release, Ares anticipates additional investment opportunities in the Japanese data center sector, including the execution of its secured pipeline, as well as synergies between its broader digital infrastructure and climate infrastructure capabilities to support long-term development.

Further, Ares believes that its established local capabilities in Japan, including extensive land sourcing activity and relation......................

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