data centres

Once fundraising kicks off, CGN’s private equity arm and the infra-focused investment firm will look to divest the portfolio of their first renewables vehicle, the 2015-vintage CGN Capital Partners Infrastructure Fund III.

Digital infrastructure is already mainstream and keeps growing in importance.

Digital infrastructure is a relatively new sector and is developing rapidly, with investment pouring into data centres, fibre and towers.

The fund will invest $70m immediately in the company’s existing portfolio of six metropolitan data centres, with a further $45m available for future co-investments.

The asset manager expects demand for data centres in China to be strong thanks to 5G and IoT technologies.

Clean Energy Finance Corporation makes $112m commitment to the new closed-ended fund that will target ‘high-growth’ assets.

With data centres blurring the lines between infra and real estate, sister publication PERE writes how one Bethesda, Maryland-based private equity real estate firm's 2005 data centre investment evolved from a pure real estate play into something more akin to an operating company.