Fort Worth (Texas) Employees' Retirement Fund committed up to $25 million to IPI Data Center Partners Fund I, said Joelle Mevi, executive director and chief investment officer, in an email.
The non-core real estate fund will invest in data centers in North America and Western Europe and is managed by IPI Data Center Partners Management.
The commitment will fall under the $2.3 billion pension fund's high-growth portfolio, which has a 22% target allocation.
