InfraRed Capital Partners has set up an investment vehicle with private markets investor Pantheon to own core-plus digital infrastructure assets.

Infrastructure fund manager InfraRed has said the fund’s portfolio includes data centres and telecommunications towers with “stable and predictable revenue streams alongside strong growth potential”.

The vehicle holds assets across Europe, North America and Australasia, including stakes in German data centre platform Nexspace, and ProLink Infrastructure, Luxembourg’s first independent tower company. InfraRed launched the NexSpace edge data centre platform in 2023 to target assets in Germany, Austria and Switzerland.

Pantheon invests in infrastructure secondaries through its Global Infrastructure Fund series.

Michael Straka, head of capital formation at InfraRed, said: “This investment from a blue-chip institutional investor like Pantheon reflects the strength of our digital experience and our ability to actively manage and grow attractive income-generating assets across diverse markets. We look forward to working closely with Pantheon to build on this strong foundation and deliver long-term value.”

Welwin Lobo, principal at Pantheon, said: “This deal reflects our focus on investing in high-quality infrastructure assets that offer both downside protection and clear avenues for growth. The portfolio’s mix of tower and data centre assets, supported by strong long-term demand trends, aligns with our investment strategy.”

To read the latest IPE Real Assets magazine click here.