Vantage Data Centers recently announced a significant $6.4 billion equity investment led by DigitalBridge Group and Silver Lake, two major players in alternative asset management and technology. This infusion of funds marks a substantial increase in Vantage’s financial capabilities, following an impressive $8 billion in total investments in recent months.
This new investment will enable Vantage to expand its operations significantly. The company is renowned for its global hyperscale data center complexes and is well-equipped to meet the growing demand for cloud services and AI technology. The funding will support a large-scale development project costing over $30 billion, adding more than three gigawatts of data center capacity.
Complementing a previous €1.5 billion investment by AustralianSuper in Vantage EMEA, this latest investment covers Vantage’s activities in North America and EMEA. The involvement of co-investors from Silver Lake and DigitalBridge underscores their strong support for Vantage’s strategic growth in these regions.
Vantage Data Centers has come a long way since its inception in Santa Clara, California. Initially established by Silver Lake in 2010 with a single data center facility, Vantage has expanded rapidly under the guidance of Silver Lake’s chosen team. Acquired by a DigitalBridge-controlled entity in 2017, Vantage has grown into a prominent global player with 32 hyperscale data center facilities across five continents.
The recent investment from DigitalBridge and Silver Lake aligns with Vantage’s rapid growth trajectory. This financial boost will accelerate Vantage’s strategic expansion and investment plans to meet the increasing demand for digital infrastructure. With ownership or control over more than three gigawatts of projected capacity across 25 sites in North America and Europe, Vantage is well-positioned to drive innovation and provide industry-leading solutions to a diverse clientele.
Vantage’s strategic land bank is expected to catalyze an additional $30 billion in development, reinforcing its reputation as a provider of cutting-edge data center solutions designed for AI and cloud deployments. The company’s commitment to sustainability and energy-efficient architecture further sets it apart in the industry.
President and CEO of Vantage, Sureel Choksi, expressed enthusiasm for the collaboration with Silver Lake and DigitalBridge, highlighting the vast opportunities presented by the cloud computing and AI market. DigitalBridge’s Senior Managing Director, Jon Mauck, emphasized the unique partnership between Silver Lake and DigitalBridge in supporting Vantage’s long-term growth strategy.
Greg Mondre, Managing Partner, and Co-CEO of Silver Lake, along with Lee Wittlinger, Managing Director, shared their excitement for Vantage’s trajectory and their commitment to driving innovation in the hyperscale data center sector.
The transactions are set to be finalized in the first quarter of 2024, pending regular closing conditions. With this substantial investment, Vantage is poised to solidify its position as a key player in the global cloud, hosting, hyperscale, and data center market.
