Monday, July 22, 2024
HomeFunding CO-based Vantage Data Centers Secures $6.4 Billion in Equity Investment

[Funding alert] CO-based Vantage Data Centers Secures $6.4 Billion in Equity Investment

CO-based Vantage Data Centers Secures $6.4 Billion in Equity Investment. This round was led by investment vehicles managed by DigitalBridge Group, Inc.(“DigitalBridge”), the leading global alternative asset manager dedicated to investing in digital infrastructure, and Silver Lake, the global leader in technology investing.

CO-based Vantage Data Centers Secures $6.4 Billion in Equity Investment. This round was led by investment vehicles managed by DigitalBridge Group, Inc.(“DigitalBridge”), the leading global alternative asset manager dedicated to investing in digital infrastructure, and Silver Lake, the global leader in technology investing.

The investment, across North America and EMEA, is incremental to the recently announced €1.5 billion to be invested by AustralianSuper in Vantage EMEA and includes expected investment from DigitalBridge and Silver Lake co-investors.

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These investments accelerate and extend Vantage’s strategic capabilities across North America and EMEA to partner with global hyperscalers in meeting unprecedented cloud and AI demand. The combined investments highlight the long-term commitment of two category-leading investors to the business.

Silver Lake launched Vantage in 2010 as a single data center campus in Santa Clara, California, recruited the management team that continues to lead Vantage today, and grew the company to have the then-largest wholesale data center footprint in Silicon Valley focused on serving sophisticated technology companies.

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The new investment from DigitalBridge and Silver Lake, which follows several years of record growth at Vantage, is a key enabler of the business’ strategic growth and investment plan to meet customer demand. Vantage owns or controls 25 sites in North America and EMEA totaling more than three gigawatts of expected capacity.

Sureel Choksi, president and CEO of Vantage said, “We are delighted that Silver Lake is joining DigitalBridge to support Vantage’s continued expansion across North America and EMEA, Cloud computing, AI and related technologies are driving unprecedented demand for digital infrastructure. The market opportunity in front of us is extraordinary, and we are excited to chart our next phase of growth with two premier investors who have been great partners to us and have an unmatched understanding of our global technology customers and their infrastructure needs.”

Jon Mauck, senior managing director at DigitalBridge said, “We are excited about supporting the next chapter of Vantage’s growth in partnership with Silver Lake, who leads the company’s data center investment strategy. We believe the combination of DigitalBridge’s unparalleled insight into the digital infrastructure landscape and Silver Lake’s technology focus creates a unique partnership to further enable Vantage’s strategic expansion and long-term growth plan. Vantage is a critical partner to the leading cloud and technology platforms globally and is well positioned to continue to support accelerating adoption of cloud- and AI-based technologies.”

Greg Mondre, co-CEO and managing partner, and Lee Wittlinger, managing director, of Silver Lake said, “We are proud of what we pioneered when we launched Vantage, and we are thrilled to invest and partner again with this exceptional management team alongside DigitalBridge to drive the next generation of energy-efficient, hyperscale data center leadership, Silver Lake is committed to bringing to bear the depth and breadth of our specialized expertise across the technology landscape to strengthen Vantage’s partnerships with the world’s biggest and most sophisticated technology companies and continue to meet their most challenging data center needs.”

About Vantage Data Centers

Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises.

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Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.

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