IBI raising $200m digital infrastructure fund

Stahlman

IBI and Ziv Sapir’s Volcano fund a short while ago completed boosting a NIS 1 billion fund for lending to US serious estate businesses.

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One particular of the hot tendencies in money-making authentic estate is server farms, built for computing and technological innovation giants these types of as Amazon, Microsoft, and Google. It can be a fast-developing area past calendar year community organization Azrieli Group not too long ago entered it with the acquisition of a server farm corporation in Norway.

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IBI Financial commitment Property is mindful of the fascination that the server farm company is building, and its Volcano fund, owned jointly with Ziv Sapir, who serves as the fund’s managing husband or wife, has made a decision to established up a new fund aimed at elevating a bare minimum of $200 million. The income will be earmarked for acquisition of datacenters and equivalent initiatives. The fund boosting round will get underway this August, and the fund defines its activity as concentrating on digital infrastructure that is, apart from datacenters, finance for fifth technology cell networks.

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Volcano is a reasonably young debt fund, set up in May previous yr. It has not long ago completed the increasing of NIS 1 billion for financial loans to huge cash flow-producing real estate firms in the US for workplaces, warehouses, logistics centers, residential clusters, and server farms.

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Printed by Globes, Israel business news – en.globes.co.il – on Could 26, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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Ziv Sapir  credit: Ilan Besor

Ziv Sapir credit: Ilan Besor

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