GLOBAL - GI Partners completes sale of assets in first fund

With this sale, the fund will have realised over $1.0 billion in cash proceeds from these buildings on an initial equity investment of $280 million. This represents a 3.7x multiple to invested capital and a 60% gross IRR. GI Partners contributed 21 of these properties to the formation of Digital Realty Trust, now a NYSE-listed REIT with an enterprise value of approximately $6 billion.

The firm is currently investing out of its recently raised $2bn GI Partners Fund III.

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