Vantage Data Centers Secures $9.2 Billion Investment

DateJun 14, 2024

Vantage Data Centers, global provider of hyperscale data center campuses, has secured a substantial $9.2 billion equity investment, primarily spearheaded by DigitalBridge Group, Inc. and Silver Lake. This capital raise, which exceeded initial targets by $2.8 billion due to high investor interest, involved multiple global investors.

Coupled with a €1.5 billion investment by AustralianSuper from September 2023, Vantage has accumulated approximately $11 billion in new investments over the past nine months, with over $7 billion being primary equity.

These primary proceeds are earmarked for Vantage’s expansion in North America and EMEA, enhancing its ability to support the growing demand for cloud and AI infrastructure. Vantage’s current portfolio includes more than 25 sites in these regions, totaling over three gigawatts of expected capacity. The fresh infusion of capital is anticipated to drive around $30 billion in additional development, reinforcing Vantage’s reputation for delivering market-leading capacity and innovative solutions globally. The investment will also support the development of next-generation data centers, featuring energy-efficient and sustainable designs tailored for AI and large-scale cloud deployments.

AI and Cloud Computing

Sureel Choksi, President and CEO of Vantage Data Centers, highlighted the strong investor confidence, stating that the oversubscribed investment round underscores the company’s track record and strategic execution. Mr. Choksi emphasized that the funding positions Vantage uniquely to leverage the burgeoning opportunities in AI and cloud computing.

Jon Mauck, Senior Managing Director at private equity firm DigitalBridge, expressed enthusiasm for continuing to support Vantage, noting the company’s proven infrastructure capabilities for leading cloud and technology platforms. Greg Mondre, co-CEO and managing partner, and Lee Wittlinger, managing director at Silver Lake, echoed this sentiment, affirming their confidence in Vantage’s leadership and the strategic value of the partnership.

The robust financial backing and strategic investments are set to bolster Vantage’s infrastructure capabilities, facilitating the development of advanced data centers designed to meet the rising demands of the digital economy.

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