Data Center · Canada · U.S. · South Korea · Datacenter Dynamics
CPP Investments to pump $1.75 billion into EQT and EdgeConneX's AI data center build-out
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Canada Pension Plan Investment Board (CPP Investments) is partnering with data center firm EdgeConneX and investment firm EQT to develop data centers.
Key facts
- Founded in 2009, EdgeConneX has a global footprint of 80 data centers in operation or development across more than 50 markets across North America, Europe, APAC, and South America
- EQT’s Infrastructure IV fund acquired the colocation provider from an investor group led by Providence Equity Partners in August 2020 for an undisclosed fee, though previous rumors of a sale
- CPP this week announced it will invest US$1.75 billion to support EQT’s AI Infrastructure build-out, led by EdgeConneX
- Investment firm Sixth Street acquired a minority stake in the firm in 2024
Summary
CPP this week announced it will invest US$1.75 billion to support EQT’s AI Infrastructure build-out, led by EdgeConneX. Further details of the investment, including what projects the money might go towards, were not shared. “Demand for digital infrastructure continues to accelerate globally, fueled by continued cloud and AI adoption,” said Max Biagosch, senior managing director, global head of real assets at CPP Investments. CPP Investments made its first direct data center investment in 2017.