Mumbai, Dec. 31 -- Global real asset manager CapitaLand Investment Ltd has raised about S$150 million ($117 million) in equity at the first close of its CapitaLand India Data Centre Fund (CIDCF), as it steps up its focus on data centre development opportunities in the country.

The first close was anchored by a third-party global institutional investor, along with a general partner commitment from CapitaLand Investment, the company said in a statement on Wednesday.

The fund is targeting a final close of around S$300 million ($234 million).

Following the first close, CIDCF will acquire a 20.2% interest in three data centre assets from CapitaLand India Trust for a consideration of S$99.73 million ($78 million), or about Rs.702 crore.

The...