Vantage Data Centers completes equity investment to support hyperscalers

June 17, 2024
The funding will be used to capitalize on AI and cloud opportunities.

Vantage Data Centers reported on June 13 that it has completed a $9.2 billion equity investment led by DigitalBridge Group, Inc. and Silver Lake-managed investment vehicles.

Vantage reports that aggregate new investment over the past nine months comes to around $11 billion, approximately $7 billion of which is primary equity. The company plans to use the primary proceeds to fund growth across North America and EMEA.

Sureel Choksi, Vantage president and CEO, said in a press release, “It’s exciting to experience such strong investor demand to fuel our unprecedented growth across North America and EMEA. The confidence that DigitalBridge, Silver Lake, and other investors have in Vantage and our ability to execute, as evidenced by an investment round that was significantly oversubscribed, is a testament to our team’s track record of delivering for our customers.”

Choski further reported that the funding will uniquely position Vantage to seize AI and cloud opportunities.

DigitalBridge was also involved in funding Vantage expansion initiatives in 2023.

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About the Author

Hayden Beeson

Hayden Beeson is a writer and editor with over seven years of experience in a variety of industries. Prior to joining Lightwave and Broadband Technology Report, he was the associate editor of Architectural SSL and LEDs Magazine. 

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