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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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.