Global Infrastructure Partners (GIP), through its infrastructure credit fund, has led a group of investors to provide up to $450m (€428.3m) to Vantage Data Centers to help grow the business across North America.
The GIP Capital Solutions Fund II fund (GIP CAPS II) and a consortium of investors led by DigitalBridge have provided the loan investment, which will be used, along with incremental equity, to facilitate the continued buildout of Vantage’s data centre portfolio.
Vantage is a global provider of hyperscale data centre campuses with approximately 1.9GW of capacity spread across five continents in 18 markets.
Jon Plavnick, managing director at GIP Credit, said: “This financing illustrates our strong and productive partnership with Vantage, a leading firm within the global hyperscale data centre sphere.
“It is also consistent with GIP CAPS’ strategy of seeking to invest in high-quality assets with attractive cashflow characteristics.”
The investment represents the eighth investment made by GIP CAPS II, a fund that provides customised capital solutions for infrastructure projects and companies in GIP’s core sectors of power, renewables, energy transition, digital, midstream energy, transportation and water/waste, while leveraging GIP’s significant operating expertise.
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