360 Capital announced today that they have completed the pre- IPO fund raising for the 360 Capital Digital Infrastructure Fund with strong support from investors. 360 Capital launched the fund last month with $25.0m of their own co-investment capital into the Fund and have successful raised a further $25m of capital for the Fund which will be used to fund the acquisition of a data centre in Perth which 360 Capital exchanged contracts for $37.0 million. As previously announced, 360 Capital has entered into an agreement with Shaw and Partners, Moelis Australia and Morgans Corporate as joint lead managers and bookrunners to the IPO. The parties are progressing to finalise all documentation for the IPO of the Fund on the ASX currently scheduled to take place in October 2019. The IPO will be limited to $100.0 million raising size and will provide a priority offer to both 360 Capital Group and 360 Capital Total Return securityholders. The Fund is targeting a total return of 10.0% per annum. #360Capital
