CalPERS' $500M Tech Property Fund Eyes Data Centers, Labs

Law360, New York (May 16, 2012, 8:24 PM EDT) -- The California Public Employees' Retirement System has launched a $500 million fund to invest in data centers, technology headquarters, research labs and other high-tech real estate, it said Wednesday.

The fund, named TechCore LLC, will be run by GI Partners LLC, a private real estate investor with longstanding ties to two major data storage owners, Digital Realty Trust Inc. and TelX Group Inc.

“This partnership represents the next generation of innovative investments to come in core real estate that is wired and ready to support the...
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