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Infrastructure  + Alternative Assets  + Real Assets  | 
Anthropic, Macquarie and GIC Form Data Center Infrastructure Platform

Anthropic, Macquarie and GIC Form Data Center Infrastructure Platform

Anthropic, Macquarie Asset Management and GIC have formed Theseus Infrastructure, a platform designed to develop, operate and lease large-scale data center infrastructure to the artificial intelligence company.

The partners plan to identify and develop new sites with Anthropic serving as the anchor tenant under long-term lease agreements. The platform will initially focus on projects in the United States.

Funds managed by Macquarie Asset Management and Singapore sovereign wealth fund GIC will own Theseus and provide most of the equity required for each development. Anthropic’s long-term commitments are intended to give the platform predictable demand as it finances and builds new capacity.

Anthropic said it will absorb electricity price increases that residential consumers might otherwise face because of the new facilities. The provision aligns with commitments the company announced earlier this year as concerns grow about the effects of data center expansion on utility bills and regional electric grids.

The companies did not disclose the platform’s targeted investment size, development pipeline, expected power capacity or timetable for beginning construction. They also did not identify potential markets beyond the initial U.S. focus.

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Anthropic Macquarie Asset ManagementGIC

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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