Brookfield Asset Management’s infrastructure arm has participated in an $835m (€710.8m) financing secured by digital infrastructure provider 5C to expand its portfolio across North America.

Brookfield’s infrastructure structured solutions strategy, alongside affiliated entities, has led the funding for 5C, with debt financing led by Deutsche Bank.

5C designs, develops and operates advanced data centres and AI computing infrastructure.

Hamish Kidd, managing director in Brookfield’s infrastructure business, said: “5C is exceptionally well-positioned to capitalise on the next wave of infrastructure needs driven by AI. We’re excited to support the company’s growth, and partner with its outstanding leadership team, to scale its platform across key markets.”

Fred Rosenberg, head of US private credit and infrastructure at Deutsche Bank, said: “Digital infrastructure lending is critically important in today’s environment.

“Our partnership with 5C Group reflects a long and fruitful relationship, and our shared commitment to driving innovation and supporting the next generation of digital infrastructure and AI.”

Jonathan Ahdoot, CEO of 5C, said: ”5C is positioned to play a pivotal role in the AI revolution, and we are excited to welcome Brookfield as a strategic partner in our journey. 

“With this investment, we will accelerate the deployment of next-generation AI factories, delivering scalable infrastructure that can meet the needs of AI-driven industries. We look forward to working with Brookfield to drive the future of AI at scale and with speed.”

To read the latest IPE Real Assets magazine click here.