LA Fire and Police invests USD 40 million in Principal data centre fund
Date
January 22, 2024
Type
Funds & Investments
Subtype
Fund investment announced
Countries
(USA) United States of America
Subsectors
Other building & Urban Infrastructure
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Los Angeles Fire and Police Pensions has closed a US$40 million commitment to a data center fund managed by Principal Asset Management.
The Growth & Income Fund is currently raising capital, but the target amount is still being determined. The fund will invest in existing data center assets and build a diversified portfolio across the USA. The fund's investment focus e.g., regional data centers, specific technology companies, hyperscale facilities.
