About This Fund
Cloud Capital Fund II is a closed-end private real estate investment fund managed by Cloud Capital, a specialized data center investment management firm headquartered in Washington, D.C. with additional offices in San Francisco and London. The fund, which held its first close in February 2025, focuses on acquiring, developing, and managing a portfolio of institutional-quality data center assets in tier-one, high barriers-to-entry markets globally, with particular emphasis on assets with anchor hyperscale tenant relationships.
Cloud Capital's differentiated approach centers on its strategic collaboration with CloudHQ, a leading global data center developer and operator with over 260 professionals worldwide. This partnership provides the fund with proprietary first-access to high-quality data center assets developed by CloudHQ, offering investors a de-risked pathway to data center real estate exposure through a pipeline of institutional-grade properties. The fund pursues core, value-add, and development investment opportunities across the data center sector, targeting facilities that support hyperscale and enterprise tenants.
Cloud Capital Fund II builds on the success of Cloud Capital Fund I, for which New Hampshire Retirement System was among the institutional investors. The fund completed a successful first close approximately two months after its launch, reflecting strong institutional appetite for data center real estate amid secular demand growth driven by artificial intelligence workloads, cloud computing expansion, and increasing digital infrastructure requirements. The fund is structured as a closed-end vehicle providing access to the data center sector through a disciplined, specialist investment manager with deep operational DNA in the sector.