Mount Elbert Capital Partners, a Denver, CO-based real-assets private equity firm with specialized capabilities in internet infrastructure, closed its first fund, Mount Elbert Capital Partners Fund 1, at $382m.
The fund received support from a range of global investors, including pension funds, endowments, and family offices.
Fund 1 was 22% invested at December 31, 2018, investing alongside global institutional investors GIC and OPTrust in EdgeCore Internet Real Estate (“EdgeCore”). EdgeCore is an investment vehicle developing, acquiring, and operating data centers and related infrastructure, and has been initially capitalized with over $900 million of equity targeted to support approximately $2.0 billion in data center development. In addition to Mount Elbert’s investment through Fund 1, Mount Elbert affiliates serve as General Partner of and provide asset-management, development, and leasing services to EdgeCore.
Led by Tom Ray, Chairman, and CEO, Mount Elbert Capital Partners is a real-assets private equity firm with specialized capabilities in internet infrastructure, including data centers, colocation and interconnection assets and operating companies, and related assets. Founders and investment professionals have experience evaluating, making and managing investments in real assets with an aggregate value exceeding $20 billion across the US, Europe, and Asia, with more than $15.0 billion in internet infrastructure.