Vantage Data Centers, a leading global provider of hyperscale data centre campuses, has completed a US$9.2 billion equity investment led by investment vehicles managed by DigitalBridge Group – a leading global alternative asset manager dedicated to investing in digital infrastructure – and Silver Lake, a global leader in technology investing.
The capital raise was significantly oversubscribed and upsized by US$2.8 billion with participation from multiple global investors, bringing the completed investment to US$9.2 billion.
Together with the €1.5 billion investment by Australian Super announced in September 2023, aggregate new investment in Vantage over the past nine months totals approximately US$11 billion, of which more than US$7 billion is primary equity.
Primary proceeds will be used to fund Vantage’s growth across North America and EMEA, accelerating and extending the company’s strategic capabilities to partner with global hyperscalers in meeting unprecedented cloud and AI demand.
Vantage has grown in recent years to own or control more than 25 sites in North America and EMEA totaling over 3GW of expected capacity. As part of the company’s investment plan, the new funding is expected to accelerate further growth by driving an estimated US$30 billion of additional development, extending Vantage’s track record of bringing market leading capacity and innovative solutions to customers around the world.
In connection with the investment, Vantage will continue its development of next-generation data centres, including energy-efficient and sustainable designs purpose-built for AI and large-scale cloud deployments.
“It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA,” said Sureel Choksi, President and CEO, Vantage. “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,” added Choksi.
“DigitalBridge is excited to continue its support of Vantage, a proven infrastructure partner for the world’s top cloud and technology platforms,” said Jon Mauck, Senior Managing Director at DigitalBridge, who leads the company’s data centre investment strategy. “This investment allows Vantage to further accelerate the development of next generation infrastructure to support the continued adoption of cloud and AI technologies.”
Greg Mondre, Co-CEO and Managing Partner, and Lee Wittlinger, Managing Director, 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.”
