Argo Takes Majority Stake in Data Center Provider

Argo Infrastructure Partners has extended its existing ownership and acquired a controlling position in TierPoint, its flagship digital infrastructure investment. Since 2020, Argo has invested nearly $700 million in the connected data center and cloud solution provider. Combined with the $1.6 billion of securitization issuances over the past 12 months, $2.3 billion has been invested in the TierPoint platform over the past four years.

The investment forms part of its Argo Series 3 funds – TierPoint is the largest of the six investments made by the 3rd vintage fund and is one of the largest assets of Argo’s 18 portfolio companies. The investment builds on Argo’s track record of sustainable investing, as well as one of its major investment strategies, which is to invest in digital infrastructure assets that enable economic digitalization.

“TierPoint’s robust contractual revenue profile, coupled with the achievement of an investment-grade profile on the ABS and its environmental stewardship, fully aligns with Argo’s long-term sustainable infrastructure thesis,” said Jason Zibarras, founding partner of Argo, which has more than $6 billion in assets.

TierPoint, formed in 2010, has one of the largest and most geographically diverse U.S. enterprise-class data center footprints, with 40 data centers in 20 regions serving over 3,000 customers.