Denver-based private equity investor
Mount Elbert Capital Partners announced on Tuesday that it has raised $382M in funding for its first fund,
Mount Elbert Capital Partners Fund 1. The company, which says it specifically focuses on "real-assets" in the Internet infrastructure area, said the fund was oversubscribed, with equity commitments surpassed its initial target of $290M. The funds came from pension funds, endowments, and family offices. Mount Elbert said the biggest investment from its Fund 1 was in EdgeCore Internet Real Estate, an developing, acquiring, and operating data centers and related infrastructure. Mount Elbert said that 22 percent of its fund is invested in EdgeCore, which was capitalized with $900M in equity. Mount Elbert's Chairman and CEO is Tom Ray.
posted on Tuesday, March 26, 2019
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