Reflects increase in capital raising of $2.8 billion to help global hyperscalers meet unprecedented cloud and AI demand
Vantage Data Centers, a global leader in hyperscale data centers, announces a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge Group, Inc., the world’s leading alternative asset manager for digital infrastructure investments, and Silver Lake, the world’s leading technology investor.
The capital raise was significantly oversubscribed and raised $2.8 billion with the participation of several global investors, bringing the completed investment to $9.2 billion. Together with the €1.5 billion investment from Australian Super announced in September 2023, the total new investment in Vantage over the past nine months is approximately $11 billion, of which more than $7 billion is primary equity. The majority of the proceeds will be used to fund Vantage’s growth in North America and EMEA, accelerating and expanding 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 with a total projected capacity of over three gigawatts. As part of the company’s investment plan, the new funding is expected to accelerate continued growth by driving an estimated $30 billion of additional development to extend Vantage’s track record of offering market-leading capacity and innovative solutions to customers around the world. In conjunction with the investment, Vantage will continue its development of next-generation data centers, including energy-efficient and sustainable designs specifically developed for AI and large-scale cloud deployments.
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“It is exciting to see such strong investor demand to fuel our unprecedented growth in North America and EMEA,” said Sureel Choksi, President and CEO of Vantage. “The confidence that DigitalBridge, Silver Lake and other investors have in Vantage and our ability to execute, as demonstrated by an investment round that was significantly oversubscribed, is a testament to our team’s track record of delivering on our promise to 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 capitalize on the incredible AI and cloud opportunities ahead.”
“DigitalBridge is pleased to continue supporting Vantage, a proven infrastructure partner for the world’s leading cloud and technology platforms,” said Jon Mauck, senior managing director at DigitalBridge, who leads the company’s data center investment strategy. “This investment enables Vantage to further accelerate the development of next-generation infrastructure to support the continued adoption of cloud and AI technologies.”
“Our belief in Vantage’s leadership in developing and delivering next-generation capabilities to the world’s most significant hyperscalers has never been stronger, and we are excited to partner with an elite group of investors on this important partnership,” said Greg Mondre, Co-CEO and Managing Partner and Lee Wittlinger, Managing Director of Silver Lake.
Source: Businesswire
