Australian alternative asset manager Alceon has launched a data centre fund while announcing an investment in Melbourne-based data centre developer Insite DC.
Alceon, best known as a real estate investor, has formed the partnership with Insite DC to create the platform for executing its data centre strategy.
David Gribble, CEO of Alceon, said the DC Catalyst Fund is being launched with an initial capital raise of at least A$100m (€62m), “creating immediate scale to execute on a defined pipeline of opportunities”.
“This is the foundation of a strategy Alceon expects to build over time into a multi-billion-dollar platform in what it sees as one of the most compelling infrastructure sectors of this decade.”
He added: “Digital infrastructure is one of the highest-conviction investment thematics globally, underpinned by structural demand for data, cloud services, and AI compute. Insite DC represents a compelling opportunity to partner with an experienced and deeply credentialed platform, focused on delivering critical infrastructure in key Asia Pacific markets.”
Nauman Akhtar and Anik Akhter, co-founders, Insite DC, said: “Our focus is on delivering flexible, scalable, and energy-efficient data centre campuses that serve both hyperscale and enterprise customers at the highest standard. With Alceon’s backing, we are well positioned to accelerate our developments in Melbourne and Sydney and expand our presence across the JAPAC region.”
Insite DC said it is in discussions with future customers regarding multiple campus-style developments it has identified across Melbourne and Sydney.
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