IPI has quickly differentiated itself as the partner of choice for large-scale technology companies that are facilitating an ongoing global digital transformation. “ICONIQ’s real estate platform is centered on investing where technology disruptions make way for scalable opportunities. “We are very pleased to see the investment philosophy for IPI be validated over just a few short years,” said Jeff Felder, Managing Director and Head of Real Estate at ICONIQ Capital. “The fund’s close comes at a truly ideal time, aligning with the large and growing opportunity we see at the core of our investment strategy.” “Fundraising for IPI II has been a resounding success, and we are extremely grateful that our recent achievements and established market presence have earned the trust and confidence of a wide range of high quality, sophisticated investors,” said Matt A’Hearn, Partner at IPI. IPI II began investing in 2020, and most recently closed on the acquisition of SUPERNAP Italia, a Milan-based data center platform. Over the last four and a half years, IPI has built one of the world’s largest privately held data center portfolios with 480 megawatts leased and capacity for more than 880 megawatts. IPI II acquires, develops, leases, and operates data centers and related assets that serve the digital capacity needs of large, high-quality technology companies globally. IPI is co-sponsored by ICONIQ Capital, LLC and an affiliate of Iron Point Partners, LLC. With the closing of IPI II, IPI has raised more than $5.25 billion in total equity capital commitments since its inception. IPI’s second fund attracted demand well in excess of its target, reflecting strong support from a global institutional investor base. CHICAGO-( BUSINESS WIRE)-IPI Partners, LLC (IPI), a global investment platform focused exclusively on data centers and other technology and connectivity-related real assets, today announced the final closing of IPI Partners II, L.P.
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