Strategic Capital Fund Management Announces Formation of $1.5+ Billion Data Center Investment Platform
08 Settembre 2021 - 08:56PM
Strategic Capital Fund Management, LLC (“Strategic Capital”), an
investment management organization focused on digital economy
investments, has announced the formation of a data center
investment platform, Strategic Datasphere, LLC (“Datasphere”), in
partnership with a seasoned management team led by Bryan Marsh, a
senior industry executive formerly with Digital Realty Trust, Inc.
(NYSE: DLR) and Head of Data Centers at Strategic Capital, and
certain funds and accounts managed by a large, global institutional
fixed income manager.
Datasphere will be focused on the acquisition,
development and management of fully and partially stabilized data
center facilities, including through sale-leaseback transactions
with leading technology, communications, cloud, enterprise and
public sector tenants. Datasphere will seek to deploy capital
strategically across North America and Europe to develop a
diversified portfolio of high quality assets and tenants.
Datasphere will be led by Bryan Marsh, who has
approximately 40 years of commercial real estate experience and
previously served as Vice President and Portfolio Manager at
Digital Realty Trust, Inc. (NYSE: DLR) with responsibility over
approximately 8 million square feet of data center real estate
valued at approximately $5 billion across its U.S. Central Region.
The Datasphere management team features more than 65 years of
complex commercial and data center real estate experience across
the full lifecycle of acquisitions, developments, leasing,
operations and divestitures, which collectively reflect more than
$35 billion of assets transacted and managed.
Datasphere has received initial commitments of
up to $500 million of equity capital from its U.S. based investment
partner, which is expected to support more than $1.5 billion of
data center investments, and may be supplemented with additional
equity commitments over time.
“Data centers are a critical component of the
broader digital infrastructure ecosystem that is supporting an
accelerated demand for online and mobile platforms for consumers
and businesses alike. These real estate assets have proven their
resiliency as essential infrastructure throughout the COVID-19
pandemic and we believe next-generation technologies like 5G,
autonomous vehicles, artificial intelligence and more will create
long-term sustainable growth in the sector. We are excited to
partner with a high-quality institutional investor who shares our
vision for this dynamic asset class,” said Jim Condon, Managing
Partner at Strategic Capital.
“We are ecstatic to embark on our mission at
Datasphere to serve as long-term stewards for the data center
assets we acquire and develop, for the tenant customer
relationships that reside within the facilities, for the employees
that build and manage these assets, and for the environment through
sustainable and renewable practices,” said Bryan Marsh, Chief
Executive Officer at Datasphere.
Barclays Capital Inc. and PJ Solomon Securities,
LLC served as financial advisors and placement agents to Strategic
Capital on the transaction, while Morrison & Foerster LLP and
Barnett Bolt Kirkwood Long Koche & Foster, P.A. served as legal
counsel.
About Strategic Capital Fund
Management
Headquartered in Greenwich, CT with regional
offices in Costa Mesa, CA, Strategic Capital Fund Management is an
investment management organization dedicated to assembling
exceptional management teams and supporting them in their growth
journeys, having successfully built 12 companies since its
inception in 2009 through this strategy. Strategic Capital is
currently focused on cutting-edge digital economy investments with
an emphasis on digital infrastructure, sustainability and
technology-centric sectors. For more information, please visit
http://strategiccapitalfundmanagement.com/
About Strategic Datasphere
Datasphere is a newly established data center
real estate and infrastructure investment platform. Datasphere is
focused on the acquisition, development and management of fully and
partially stabilized data center facilities across North America
and Europe. Datasphere has access to significant committed equity
capital that is expected to support more than $1.5 billion in
potential investments alongside debt financing. Datasphere is led
by data center industry veteran, Bryan Marsh, and supported by a
seasoned management team with several decades of collective
experience in the data center industry. For more information,
please visit http://strategicdatasphere.com/
CONTACT Robert BruceChief
Marketing OfficerStrategic Capital Fund Management,
LLCrbruce@scdistributors.com
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