New York (October 21, 2025) – BGO, a leading global real estate investment manager, announced today the successful close of its Data Center Co-Investment fundraise, totaling approximately $260M, which was established in connection to its U.S. Industrial Strategies I fund. Combined with this co-investment, the inaugural fundraise for the firm’s closed-end strategy totaled approximately $800 million with a projected gross asset value of $2.43 billion. BGO is now in the advance stages of securing up to 800 MW of power capacity in aggregate to enable the construction of up to 3.2 million sf of data centers.
This first fund of BGO’s U.S. Industrial Strategies features a prime portfolio of eight industrial projects, developed in collaboration with NorthPoint Development, which includes three properties planned for data center development. The portfolio now spans more than 1,500 acres across strategic U.S. markets, with 17.1 million square feet of buildable area, including capacity for data centers. Of this, 6.4 million square feet has already been built, with 5.0 million square feet leased to a diverse mix of institutional-grade tenants—demonstrating strong market demand and validating the strategy’s thesis around next-generation industrial and digital infrastructure.
“What we’ve been able to achieve to date through Industrial Strategies I reflects growing investor conviction in BGO’s ability to deliver the next generation of state-of-the-art digital infrastructure, and state-of-the-art, power-hungry logistics facilities,” said John Carrafiell, Co-CEO of BGO. “By combining institutional real estate expertise with deep utility-grade energy insight, we’re creating three shovel-ready powered sites with access to critical infrastructure—substations, transmission lines, and fiber networks. In today’s power-constrained environment, our data science-driven approach enables us to identify and deliver precisely what hyperscale users need—at scale, speed, and certainty.”
The U.S. Industrial Strategies I fund secured commitments from nine domestic institutional investors, comprising a diversified mix of pension funds, insurance groups, and high-net-worth capital. Separately, the data center co-investment attracted nine additional investors representing a similarly diversified base, three of which were international—two based in Canada and one in Switzerland.
Through BGO’s partnership with NorthPoint Development, the partnership is developing new, modern buildings with sufficient height and power, enabling tenants to improve operational efficiencies and achieve greater profitability. The sites, all pre-acquired through the partnership, were all secured off market on a pre-entitlement basis and the Fund is now fully committed.
BGO is a leading, global real estate investment management advisor and a globally-recognized provider of real estate services. BGO serves the interests of more than 750 institutional clients with approximately $89 billion USD of assets under management (as of June 30, 2025) and expertise in the asset management of office, industrial, multi-residential, retail and hospitality property across the globe. BGO has offices in 25 cities across twelve countries with deep, local knowledge, experience, and extensive networks in the regions where we invest in and manage real estate assets on behalf of our clients in primary, secondary and co-investment markets. BGO is a part of SLC Management, the institutional alternatives and traditional asset management business of Sun Life.
The assets under management shown above includes real estate equity and mortgage investments managed by the BGO group of companies and their affiliates, and as of 1Q21, includes certain uncalled capital commitments for discretionary capital until they are legally expired and excludes certain uncalled capital commitments where the investor has complete discretion over investment.
For more information, please visit www.bgo.com
Media Contact
Rahim Ladha
Global Head of Communications, BGO
media@bgo.com