CPP Investments to Inject $1.75B Into EQT’s AI Infrastructure Push
Canada Pension Plan Investment Board (CPP Investments) has committed $1.75 billion (C$2.4 billion) to support EQT’s artificial intelligence infrastructure strategy centered on global data center developer and operator EdgeConneX.
The investment expands CPP Investments’ exposure to digital infrastructure, a sector benefiting from rapidly growing demand for cloud computing, artificial intelligence and enterprise data processing.
The commitment builds on CPP Investments’ existing digital infrastructure portfolio, which includes investments and strategic partnerships across North America, Europe and the Asia-Pacific region.
“Demand for digital infrastructure continues to accelerate globally, fueled by continued cloud and AI adoption,” said Max Biagosch, senior managing director and global head of Real Assets at CPP Investments. “Through this investment alongside EQT, we are increasing our exposure to a sector supported by durable, long-term demand drivers.”
Founded in 2009, EdgeConneX operates a global network of data centers spanning more than 20 countries and serves hyperscale cloud providers, enterprise customers and other large-scale users of digital infrastructure.
Since EQT acquired the company in 2020, EdgeConneX has expanded its operating capacity nearly 20-fold while building a substantial pipeline of contracted projects across the Americas, Europe, the Middle East, Africa and Asia-Pacific. The company plans to develop more than 10 gigawatts of additional data center capacity over the coming years to meet surging demand from AI workloads and cloud services.
