ESR will raise a separate discretionary capital sleeve to co-invest into the fund which will likely close the balance of the fund at the hard cap of US$1.5 billion.
ESR Group, which describes itself as the region’s largest real estate manager, has announced the first close of a fund meant for data centre investments, raising more than US$1 billion.
ESR Data Centre Fund 1, as the fund is called, drew investors ranging from sovereign wealth funds and pension funds.
