IPI Partners raises $3.8 billion with a second infrastructure fund Thursday, April 15, 2021
Laxman Pai, Opalesque Asia:
Global investment platform IPI Partners has wrapped up its second flagship private equity fund after securing $3.8 billion from investors, with plans to target data centers and other connectivity-related investments, the firm said.
A press release from the joint venture of ICONIQ Capital and Iron Point Partners pointed out that the fund acquires, develops, leases, and operates data centers.
With the closing of IPI II, IPI has raised more than $5.25 billion in total equity capital commitments since its inception, it said. IPI s second fund attracted demand well over its target, reflecting strong support from a global institutional investor base.
College leaders weigh COVID-19 vaccine requirement
Will local colleges require students to get the vaccine? By Randi Hildreth | April 15, 2021 at 11:04 AM CDT - Updated April 15 at 11:04 AM
BIRMINGHAM, Ala. (WBRC) - Local college leaders are deciding if students must get the COVID vaccine to return to campus in the fall, when many colleges expect to begin full in-person learning again.
Talladega College President Dr. Billy Hawkins’ most immediate concern is providing access to the COVID vaccine right now.
“We were already successful in vaccinating over 95 percent of our faculty and staff,” said Hawkins, “Our next step was to vaccinate students before they go home for break.”
IPI Partners raises $3.8 billion with second infrastructure fund
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IPI Partners, a joint venture of ICONIQ Capital and Iron Point Partners, held a final close of its second infrastructure fund, IPI Partners II, at $3.8 billion, a spokeswoman confirmed.
The fund acquires, develops, leases and operates data centers.
Investors in the fund include the $40 billion Connecticut Retirement Plans & Trust Funds, Hartford; the $24 billion Louisiana Teachers Retirement System, Baton Rouge; the $9.5 billion Rhode Island Employees Retirement System, Providence; and the $27.4 billion New Mexico State Investment Council, Santa Fe; and the $1.4 billion University of Alabama System, Tuscaloosa, Ala.
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