Aurum Equity Partners (Aurum EP), an investor in digital infrastructure real estate data centre assets, has launched a new private equity fund with a targeted corpus of $250 million, per an announcement.

The new fund, which will be making investment in data centres and other infrastructure assets, is eyeing the final close in Q1 2024, Aurum EP said in a statement. The global fund will expand its investments in the United States, MENA, and India, it added.

Aurum has allocated $50 million to Hyderabad in Telangana for the development of data centers, while its sister firm Aurum Venture Partners has committed $5 million to support deep tech startups in the Indian state. Aurum Venture Partners closed a $50-million fund in Q1 2023.

“With technologies such as AI, IoT, machine learning, big data, blockchain, and cloud computing going mainstream, data centre developers are reimagining their offerings with a focus on edge computing. This enables efficient and secure data processing closer to end users. Aurum Equity Partners is uniquely positioned to capitalise on emerging opportunities and generate value for our investors, shareholders, and partners,” said Aurum founder and CEO Venkat Bussa.

Aurum Equity Partners holds expertise in cloud, telecommunications, security, ESG, and data centre industries. Its team comprises investment professionals in real estate, venture capital, growth equity, and leveraged buyouts within the cloud and data center infrastructure sector.