Vantage Data Centers, a major player in hyperscale data center campuses, has successfully secured a staggering $9.2 billion equity investment. The round was led by DigitalBridge Group, Inc. (NYSE: DBRG), a premier global alternative asset manager focused on digital infrastructure, and Silver Lake, a leader in technology investing. This capital increase was highly sought after, becoming significantly oversubscribed and expanded by an additional $2.8 billion due to robust investor interest. The funding round’s closure brings the total recent investment in Vantage to approximately $11 billion, which includes a €1.5 billion commitment from Australian Super in September 2023.
The primary use of these funds will be to drive Vantage’s expansion across North America and EMEA (Europe, the Middle East, and Africa), with an aim to meet the soaring demands for cloud services and AI technology. This financial backing is expected to stimulate an estimated $30 billion in additional development, enhancing Vantage’s capacity to deliver innovative and market-leading data center solutions globally.
Sureel Choksi, President and CEO of Vantage, expressed enthusiasm about the investment: “It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA. 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.”
Jon Mauck, Senior Managing Director at DigitalBridge, underscored the strategic importance of the continued partnership with Vantage, noting the focus on accelerating next-generation infrastructure to support expanding cloud and AI technologies. Greg Mondre, co-CEO and Managing Partner of Silver Lake, along with Managing Director Lee Wittlinger, also highlighted their strong belief in Vantage’s leadership in developing critical capacity for major hyperscalers.
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