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Alternative Assets  + Real Assets  + Real Estate  |  September 28, 2023
GIP Invests in $450M Loan to Hyperscale Data Center Provider Investment in Vantage Data Centers supported by DigitalBridge Global Infrastructure Partners announced that its credit fund, GIP Capital Solutions Fund II (GIP CAPS II), together with affiliates and co-investors, has invested in a term loan facility of up to $450 million in Vantage Data Centers, a provider of hyperscale data center campuses with approximately 1.9 Gigawatt (GW) of IT capacity spread across five continents in 18 markets. The $100 billion New York-based GIP structured and acted as the lead investor, which was supported by the company’s consortium of investors led by DigitalBridge, an alternative asset manager focused on digital infrastructure. Proceeds from the investment will be used, along with incremental equity, to facilitate the buildout of its data center portfolio, according to the company. This is the eighth investment made by GIP CAPS II. The strategy provides solutions for infrastructure projects and companies in GIP’s core sectors of power, renewables, energy transition, digital, midstream energy, transportation and water/waste. “This financing illustrates our strong and productive partnership with Vantage, a leading firm within the global hyperscale data center sphere,” said Jon Plavnick, Managing Director at GIP Credit. Photo: Global Infrastructure Partners www.global-infra.com SUBJECT LINE: GIP Invests in $450M Loan to Hyperscale Data Center Provider SUB-HED: Investment in Vantage Data Centers supported by DigitalBridge LINK:
Joe Palmisano
By: Joe Palmisano

GIP Invests in $450M Loan to Hyperscale Data Center Provider

Global Infrastructure Partners announced that its credit fund, GIP Capital Solutions Fund II (GIP CAPS II), together with affiliates and co-investors, has invested in a term loan facility of up to $450 million in Vantage Data Centers, a provider of hyperscale data center campuses with approximately 1.9 Gigawatt (GW) of IT capacity spread across five continents in 18 markets.

The $100 billion New York-based GIP structured and acted as the lead investor, which was supported by the company’s consortium of investors led by DigitalBridge, an alternative asset manager focused on digital infrastructure.

Proceeds from the investment will be used, along with incremental equity, to facilitate the buildout of its data center portfolio, according to the company.

This is the eighth investment made by GIP CAPS II. The strategy provides solutions for infrastructure projects and companies in GIP’s core sectors of power, renewables, energy transition, digital, midstream energy, transportation and water/waste.

“This financing illustrates our strong and productive partnership with Vantage, a leading firm within the global hyperscale data center sphere,” said Jon Plavnick, Managing Director at GIP Credit.

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Global Infrastructure Partners

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.
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