Eaton Partners has served as the exclusive placement agent for SDC Capital Partners’ (SDC) first-time fund that will invest in IT and communications infrastructure, with a focus on data centres.
The SDC Digital Infrastructure Opportunity Fund I LP reached its hard cap of USD400 million in capital commitments in less than six months. The oversubscribed fund received strong support from a diverse range of institutional investors, primarily top-tier endowments along with foundations, pension plans, consultants, and high net worth individuals.
SDC Founder and Managing Partner Todd Aaron has also co-founded and co-led Sentinel Data Centers since its inception in 2002. Over the last 16 years, Sentinel has developed multiple industry-leading data center platforms, resulting in highly successful exits to public buyers, most recently via a USD490 million multi-asset sale to CyrusOne (NYSE: CONE) in February, 2017.
“Data centres and related infrastructure underpin the technology on which businesses and consumers rely on every day and represent one of the largest and fastest growing sectors within IT and telecommunications,” said Jeff Eaton, Partner at Eaton Partners. “Todd Aaron is an industry pioneer and SDC’s strategy of melding hands-on operational expertise with deep sector knowledge resonated deeply with the institutional investor community. It has been our pleasure to partner with Todd and the SDC team on a very successful fundraise.”
“We are thrilled to have achieved this important milestone and are excited to partner with the blue-chip institutions that comprise our investor base,” says Aaron. “We are grateful for Eaton Partners’ support in spearheading this process. Their diligence, focus and longstanding relationships within the institutional investor community were invaluable.”
Over the past 12 months, Eaton Partners has successfully closed 13 funds and is actively raising capital for an additional 20 funds.
