EQT announced that the EQT Infrastructure VI fund has forged a partnership with EdgeConneX to construct and manage specialized, high-capacity data centers for hyperscale customers globally, venturing into new markets. EdgeConneX, a prominent data center provider, is supported by funds EQT Infrastructure IV and EQT Infrastructure V.
The continued growth of the data center industry is supported by key trends including digitalization, cloud adoption and the rise of artificial intelligence (AI). It is estimated that the capacity needed to serve AI-focused deployments will triple by 2030. This investment by EQT Infrastructure VI, in partnership with EdgeConneX, intends to build out hundreds of megawatts of data center capacity necessary to support hyperscale customers and the world’s digital economies.
Since EQT’s acquisition in 2020, EdgeConneX has more than tripled its capacity and expanded into Asia, Latin America and new European markets. Today, the company has a global footprint of 80 data centers in operation or development in more than 50 markets across North America, Europe, APAC and South America.
Jan Vesely, partner within EQT Infrastructure’s Advisory team, said, “With the support of EQT Infrastructure’s global presence, industry expertise and dedication to sustainable growth, EdgeConneX together with this new initiative is well-positioned to be a leading provider of critical digital infrastructure worldwide. EdgeConneX is a pioneering data center solutions provider, and its team has the proven track record and deep experience necessary to help lead this expansion and meet hyperscale customers’ needs around the world.”
EdgeConneX CEO Randy Brouckman said, “We have always taken a customer-centric approach, focused on giving our customers the capacity they need, in the right configuration, in the right markets, at the right time. Amid the rapid proliferation of data and compute, data centers are the critical infrastructure housing and connecting the technologies, the companies, and the end-users, thus enabling the future growth of the world’s digital economies. With the support of EQT’s deep local presence in critical markets around the world, EdgeConneX has expanded rapidly, and we’re excited about the opportunities this new partnership with EQT will unlock.”
With this transaction, EQT Infrastructure VI is expected to be 30-35 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication) based on target fund size.
Learn more about EQT Infrastructure and their partners like EdgeConneX who are developing data centers for hyperscale customers.
Related News:
Modine Invests in Liquid Immersion Cooling for High-Density Data Centers
CXL Ecosystem to Accelerate Due to Samsung and Red Hat Partnership Milestone
