Beijing-based CDH investments has raised $310 million for a data centre fund in the domestic market. This will be the first exclusively data centre focused investment fund in China which has attracted a number of institutional investors exceeding its original target of $228 million.
Data centres are becoming increasingly popular as an investment asset class in China. The company currently has 10 reserve projects in first-tier cities, including self-build projects as well as several mergers & acquisitions.
Established in 2002, CDH Investments is an alternative investment fund manager specialising in private equity, venture capital, and credit. The firm has in excess of $20 billion of assets under management.
