LONDON, UK: Pantheon Infrastructure Plc, the listed global infrastructure fund, has agreed to invest $34.7m (£28.6m at current exchange rates) in Vantage Data Centers, one of the leading providers of wholesale data centre infrastructure to large enterprises and hyperscale cloud providers.
The investment will support Vantage’s North American business’ capital needs as the business continues to grow with a strong near-term sales pipeline to both existing and new customers, a statement noted.
Vantage’s North American business has data centre campuses in Santa Clara, Quincy, Ashburn, Phoenix, Montreal and Quebec City. The business focus on the hyperscale business segment offers a resilient commercial profile given long contract durations, limited historical customer churn, and customers with investment grade credit quality.
Strong secular trends such as growth in data usage continue to drive hyperscale data centre demand. Hyperscale represents the highest growth category in the data centre space due to increasing cloud adoption and increasingly data-heavy technologies (5G, AI, gaming, video streaming).
PINT invested alongside DigitalBridge, a leading global investment manager, with $47 billion in assets under management. Pantheon is an existing investor in Vantage through its broader global infrastructure platform.
Richard Sem, Partner at Pantheon Ventures, PINT’s investment manager, said: “We are delighted to invest in this high-quality asset, which we believe will offer us access to a strong growth opportunity. The data centre sector is benefitting from strong secular trends which we believe will continue into the long-term. We are especially pleased to partner again with DigitalBridge, a manager with a strong track record in digital infrastructure.”