Vantage Data Centers Closes $9.2 Billion Investment

<p><strong>DENVER&comma; &&num;038&semi; BOCA RATON&comma; FL&comma; &&num;038&semi; MENLO PARK&comma; CA<&sol;strong> &&num;8212&semi; Vantage Data Centers&comma; a leading global provider of hyperscale data center campuses&comma; has completed a &dollar;9&period;2 billion equity investment led by investment vehicles managed by DigitalBridge Group&comma; the leading global alternative asset manager dedicated to investing in digital infrastructure&comma; and Silver Lake&comma; the global leader in technology investing&period;<&sol;p>&NewLine;<p>The capital raise was significantly oversubscribed and upsized by &dollar;2&period;8 billion with participation from multiple global investors&comma; bringing the completed investment to &dollar;9&period;2 billion&period; Together with the €1&period;5 billion investment by Australian Super announced in September 2023&comma; aggregate new investment in Vantage over the past nine months totals approximately &dollar;11 billion&comma; of which more than &dollar;7 billion is primary equity&period; Primary proceeds will be used to fund Vantage’s growth across North America and EMEA&comma; accelerating and extending the company’s strategic capabilities to partner with global hyperscalers in meeting unprecedented cloud and AI demand&period;<&sol;p>&NewLine;<p>Vantage has grown in recent years to own or control more than 25 sites in North America and EMEA totaling over three gigawatts of expected capacity&period; As part of the company’s investment plan&comma; the new funding is expected to accelerate further growth by driving an estimated &dollar;30 billion of additional development&comma; extending Vantage&&num;8217&semi;s track record of bringing market leading capacity and innovative solutions to customers around the world&period; In connection with the investment&comma; Vantage will continue its development of next-generation data centers&comma; including energy-efficient and sustainable designs purpose-built for AI and large-scale cloud deployments&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA&comma;” said Sureel Choksi&comma; president and CEO of Vantage&period; &OpenCurlyDoubleQuote;The confidence that DigitalBridge&comma; Silver Lake and other investors have in Vantage and our ability to execute&comma; as evidenced by an investment round that was significantly oversubscribed&comma; is a testament to our team’s track record of delivering for our customers&period; This new funding from the world’s leading digital infrastructure and technology investors&comma; along with numerous co-investors&comma; is a game changer that uniquely positions Vantage to capitalize on the incredible AI and cloud opportunity in front of us&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;DigitalBridge is excited to continue its support of Vantage&comma; a proven infrastructure partner for the world’s top cloud and technology platforms&comma;” said Jon Mauck&comma; senior managing director at DigitalBridge&comma; who leads the company’s data center investment strategy&period; &OpenCurlyDoubleQuote;This investment allows Vantage to further accelerate the development of next generation infrastructure to support the continued adoption of cloud and AI technologies&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Our conviction in Vantage’s leadership in developing and delivering next generation capacity for the world’s most significant hyperscalers has never been greater&comma; and we are thrilled to be joined by an elite group of investors in this important partnership&comma;” said Greg Mondre&comma; co-CEO and managing partner&comma; and Lee Wittlinger&comma; managing director&comma; of Silver Lake&period;<&sol;p>&NewLine;

Editor

A16z Leads $60 Million Funding in Tessera Labs

SAN JOSE -- Tessera Labs has announced $60 million in oversubscribed funding led by Andreessen…

4 hours

EBay Spurns Gamestop Takeover Bid

SAN JOSE -- eBay Inc. has rejected an offer from Gamestop to buy the company…

4 hours

Jensen Huang Speaks at Carnegie Mellon Graduation

“You are entering the world at an extraordinary moment,” NVIDIA founder and CEO Jensen Huang…

1 day

Sierra Scores $950 Million, Valued at $15 Billion

SAN FRANCISCO -- Sierra, a company that helps build AI platforms for businesses, has raised…

1 day

Cowboy Space Rounds Up $275 Million

SAN CARLOS -- Cowboy Space Corporation, an orbital infrastructure company founded by Robinhood co-founder Baiju…

1 day

Anthropic Teams Up With Blackstone, Goldman Sachs for AI Company

Anthropic is teaming up with Blackstone, Hellman & Friedman, and Goldman Sachs to form a…

1 day