KKR is making an additional $1.5bn (€1.3bn) equity commitment to Global Technical Realty (GTR), a multi-billion dollar European built-to-suit data centre platform.
As part of the deal, Oak Hill Capital will join as an investor in the company, committing approximately $400m.
KKR committed $1bn in 2020 to set up GTR as a new hyperscale data centre platform, led by Franek Sodzawiczny.
KKR and Oak Hill said their new commitments will support GTR’s development pipeline, including additional greenfield capacity and new market entries across Europe to meet rising demand for high-performance and power-dense compute and cloud infrastructure.
KKR said GTR is positioned to scale rapidly across Europe as demand for AI-ready data centre capacity continues to accelerate.
Andrew Peisch, partner at KKR, said: “As rapid cloud growth continues and scaled AI demand begins to materialise, the need for high-quality, power-efficient and scalable data-centre infrastructure in Europe has never been greater.
“GTR has established itself as one of Europe’s most capable developers of next-generation facilities, and we are thrilled to deepen our commitment to the platform while expanding our long-standing relationship with Oak Hill.”
Adam Hahn, partner at Oak Hill, said: “We are pleased to invest in GTR and collaborate with KKR to support a platform that sits at the intersection of cloud, AI and critical infrastructure. GTR has built a differentiated platform with a strong management team, and we look forward to supporting the company as it continues to scale to meet the growing digital infrastructure needs across Europe.”
Sodzawiczny added: “This investment marks a major inflection point for GTR. Demand from hyperscale and AI-driven customers across Europe continues to accelerate, and this capital enables us to scale our team, deepen our operating capabilities and move faster into new markets.
“KKR has been an exceptional strategic partner since our inception, and their renewed commitment positions us to execute against a substantial development pipeline. We are also delighted to welcome Oak Hill, whose deep experience in digital infrastructure and telecommunications will be invaluable as we scale the platform for its next phase of growth.”
KKR said it is funding its investment primarily from its global infrastructures strategy.
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