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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 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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