Affinius Capital, a Texas‑based real‑estate manager, has pulled in $905.5 million for its inaugural commingled data‑center fund, edging close to a $1 billion target after 18 months on the road. The San Antonio firm plans to deploy the capital under the Digital Economy Real Estate Partners Data Center Fund I to support the next wave of digital infrastructure.

Canadian pension fund La Caisse backs the vehicle, signaling confidence in U.S. data‑center growth amid rising cloud demand. Affinius intends to build and lease hyperscale facilities in major markets such as New York, Chicago, and Dallas, targeting high‑yield tenants that power e‑commerce, streaming, and AI workloads for enterprise clients seeking resilient connectivity and low‑latency access across.

Reaching a $905.5 million close positions Affinius within striking distance of its $1 billion goal, the fund taps a market that has seen a 30% jump in data‑center investment in 2023. Investors expect robust returns, driven by long‑term lease agreements and the sector’s resilience to economic cycles for institutional investors seeking stable cash flows in a volatile market.

Affinius’s near‑completion of the first data‑center fund signals a shift toward specialized real‑estate vehicles that cater to the digital economy. The firm’s ability to secure nearly a billion dollars in a competitive climate will pressure peers to accelerate similar launches, potentially reshaping the U.S. real‑estate investment landscape for investors seeking exposure to tech‑driven growth.