HighBrook Investors has closed its inaugural data center fund, HighBrook US DCF, LP, with $266 million in total commitments. The private equity real estate firm said the vehicle will support the development of data center assets in Northern Virginia, one of the world’s most prominent digital infrastructure hubs.
The strategy builds on HighBrook’s long-standing experience investing in US and European real estate markets and reflects the firm’s conviction in next-generation digital infrastructure opportunities. The fund was fully seeded prior to its final close with three infill industrial investments located in Fairfax County, Virginia.
Those assets are positioned within Northern Virginia’s prime data center corridor and benefit from by-right zoning for data center development. The projects also have 300 megawatts of contracted utility power, with substation equipment already ordered, providing a key advantage in a market increasingly constrained by power availability.
Development activities will be led by Centra, HighBrook’s vertically integrated industrial and data center operating platform based in Virginia. The firm said it is currently engaged in discussions with hyperscaler tenants regarding potential build-to-suit developments.
The fund attracted commitments from both existing and new institutional investors, including endowments and foundations, public pension funds, funds of funds, family offices, consultants, and wealth managers. HighBrook said fundraising was completed on an accelerated timeline to capitalize on what it described as a compelling and time-sensitive opportunity in the sector.
HighBrook noted that long-term demand for data center capacity continues to expand as digital infrastructure becomes increasingly critical to global economic activity. The firm pointed to projections that the global data center market, valued at about $430 billion in 2026, could reach approximately $1.1 trillion by 2035, representing an estimated compound annual growth rate of around 11 percent.
With the close of the vehicle, HighBrook said it has now secured more than $2.5 billion in capital commitments across its funds and investment vehicles since the firm’s founding in 2010.
Support: Monument Group served as placement agent for the fund.
KEY QUOTE:
“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. By securing advanced-stage power solutions early and identifying strategic sites, we were able to mobilize quickly and are grateful for the strong support from our investors. The strategy reflects HighBrook’s disciplined and thematic investment approach combined with our hands-on asset management and deep local market expertise to deliver scalable, institutional-quality assets.”
Brian Carr, Managing Partner, HighBrook Investors
