GI Partners has launched the GI Real Estate Essential Tech + Science Fund (ETS Fund), which will look to acquire data center properties and life sciences assets. The fund will also focus on always-on R&D facilities in the office and industrial sectors. Former president of Infomart, John Sheputis, will lead the ETS Fund. Sheputis commented that the data centers, always-on facilities, and life science assets provide support for essential functions of the 24/7 modern economy.
He also noted that the Company’s goal is to get the best of risk-adjusted returns for investors by recognizing untapped market segments. The ETS Fund has spent over $300 million since it launched earlier in the year. It has also acquired some key assets, including three buildings in Silicon Valley, a life science campus in San Francisco Bay area, a purpose-built lab and R&D facility in Philadelphia, and two life science buildings in the Bay Area.
