Vantage Data Centers has raised an additional $2.8bn (€2.6bn) in capital commitments, bringing their total to $9.2bn after investor demand surpassed expectations.
Early this year, funds managed by DigitalBridge and Silver Lake led a $6.4bn investment into the global hyperscale data centre campuses provider.
Vantage Data Centers said the fundraising has been significantly oversubscribed and upsized by $2.8bn with participation from multiple global investors, bringing the completed investment to $9.2bn.
Together with a €1.5bn investment by AustralianSuper announced in September 2023, Vantage Data Centers has over the past nine months raised around $11bn, of which more than $7bn is primary equity, it said.
Vantage Data Centers the capital raised will be used mainly to fund the firm’s growth across North America and EMEA.
Silver Lake launched Vantage Data Centers in 2010 as a single data centre campus in Santa Clara, California. In 2017, a DigitalBridge-managed vehicle acquired Vantage Data Centers which has grown into a global business with 32 operational or developing hyperscale data centre campuses across five continents.
Sureel Choksi, president and CEO of Vantage Data Centers, said: “The confidence that DigitalBridge, Silver Lake and other investors have in Vantage and our ability to execute, as evidenced by an investment round that was significantly oversubscribed, is a testament to our team’s track record of delivering for our customers.
“This new funding from the world’s leading digital infrastructure and technology investors, along with numerous co-investors, is a game changer that uniquely positions Vantage to capitalise on the incredible AI and cloud opportunity in front of us.”
Jon Mauck, senior managing director at DigitalBridge, said: “DigitalBridge is excited to continue its support of Vantage, a proven infrastructure partner for the world’s top cloud and technology platforms.
“This investment allows Vantage to further accelerate the development of next generation infrastructure to support the continued adoption of cloud and AI technologies.”
In a joint statement, Greg Mondre, co-CEO and managing partner, and Lee Wittlinger, managing director, of Silver Lake, said: “Our conviction in Vantage’s leadership in developing and delivering next generation capacity for the world’s most significant hyperscalers has never been greater, and we are thrilled to be joined by an elite group of investors in this important partnership.”
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