About This Fund
1547 Data Center Real Estate Fund II, L.P. is a digital infrastructure real estate fund managed by fifteenfortyseven Critical Systems Realty (1547), a developer, operator, and owner of data centers across North America and Europe. 1547 was founded as a specialized data center real estate platform and is known for operating carrier hotel properties and hyperscale facilities. Fund II represents the firm's first major independently raised institutional fund, moving beyond the partnership model that characterized earlier capital raises. The fund targets the structural demand wave driven by cloud computing, AI workload growth, and digital transformation across enterprise and hyperscale tenants.
The fund's investment strategy centers on acquiring, developing, and operating data center assets across the United States, United Kingdom, and Canada. Target assets include carrier hotels, colocation facilities, hyperscale campuses, and purpose-built data center developments. 1547 has historically partnered with Harrison Street Real Assets on strategic acquisitions, including carrier hotel properties in Portland, Oregon and Milwaukee, Wisconsin. Fund II maintains a similar value-add and opportunistic mandate, focusing on properties where 1547's operating expertise — covering more than 1.1 million square feet of managed data center space — can create direct value uplift.
1547 filed with the SEC to raise up to $250 million for Fund II, representing the total target for the independent vehicle. The firm is concurrently developing a 290 megawatt data center campus in Chester County, Pennsylvania, expected to come online by 2025–2026, which signals an active deployment period alongside the capital raise. The fund is positioned at the intersection of real estate and digital infrastructure, serving an investor audience seeking yield from the long-term structural tailwinds of data center demand growth.