HighBrook Investors, a real estate private equity firm, has closed its inaugural data center fund, HighBrook US DCF, LP, raising US$ 266 million in commitments. The firm’s strategy focuses on next-generation digital infrastructure and builds on its long track record investing in U.S. and European real estate across market cycles. Fundraising was completed on an accelerated timeline to capture what the firm described as a “time-sensitive opportunity”.
According to a press release, HighBrook had discussions with hyperscaler tenants for potential build-to-suit development projects located in the core data center corridor of Northern Virginia and carry-by-right zoning for data center use. The fund attracted capital from existing and new institutional investors, including endowments, foundations, public pensions, fund-of-funds, family offices, consultants, and wealth managers.
The fund was fully seeded before final close with three infill industrial assets targeted for data center development in Fairfax County. The sites are supported by about 300 MW of contracted utility power, with substation equipment already on order. Development will be managed by Centra, HighBrook’s vertically integrated industrial and data center platform.
Brian Carr, Managing Partner, HighBrook Investors, said, “Demand for data center capacity continues to grow, but the market is increasingly constrained by access to power, this is particularly evident in core markets such as Northern Virginia and has created a compelling investment opportunity for experienced, execution-focused platforms like HighBrook”
The global data center market is expected to grow from roughly US$ 430 billion in 2026 to about US$ 1,103.70 billion trillion by 2035, implying about 11 percent compound annual growth (CAGR) as reported by Precedence Research.
HighBrook believes these trends will benefit well-capitalized operators in supply-constrained locations since the firm has now secured more than US$ 2.5 billion in capital commitments across its funds and investment vehicles through Monument Group which served as placement agent for the fund.