Latest News

Partners Group buys data center platform EdgeCore Digital with $1.2 billion investment

Partners Group buys data center platform EdgeCore Digital with $1.2 billion investment By Reuters

Breaking News


Economy 12 minutes ago (Nov 11, 2022 18:05)

© Reuters.

By Krystal Hu

(Reuters) -Swiss private investment company Partners Group Holding AG is investing up to $1.2 billion in U.S. data center operator EdgeCore Digital Infrastructure, the private equity firm told Reuters. Partners Group will use the fund to acquire a majority stake in EdgeCore and help it build out new data center sites across the United States, the latest of Partners’ investment in data center assets. “We believe that the company is really well positioned to benefit from the growth in data traffic globally. Some of the themes include cloud computing, machine learning, artificial intelligence, 5G and mobile,” said Ed Diffendal, managing director at Partners Group. In 2021, Partners Group made four digital infrastructure investments, including acquiring atNorth, the largest data center operator in Iceland. Data centers have become popular assets for infrastructure funds, as investors bet on companies shifting IT infrastructure to outsourced cloud service providers with data solutions. Led by former CoreSite chief executive Tom Ray, Denver-based EdgeCore had developed six data centers in the United States, including campuses in Phoenix, Arizona and the Silicon Valley. Backed by over $800 million of equity from Singapore’s sovereign wealth fund GIC, Canada’s OPTrust pension fund and Mount Elbert Capital Partners, Edgecore says it has been serving large tech companies since its launch in 2018. Founded in 1996, Partners Group manages $131 billion across private equity, real estate, infrastructure, credit and secondaries globally. The infrastructure arm that invests in EdgeCore has $21 billion in assets under management.

Partners Group buys data center platform EdgeCore Digital with $1.2 billion investment

ECB not pre-committed to raise rates by 75 bps again, De Cos saysBy Reuters – Nov 11, 2022

MADRID (Reuters) – The European Central Bank has not pre-committed to make another 75 basis-point increase at its next policy meeting, policymaker Pablo Hernandez de Cos said on…

BoE should stand firm on inflation despite economic slowdown-HaskelBy Reuters – Nov 11, 2022

LONDON (Reuters) -Bank of England interest rate-setter Jonathan Haskel said signs of a slowdown in Britain’s economy did not imply a need for less tightening of monetary policy…

Stocks rally as Fed rate hopes dent dollarBy Reuters – Nov 11, 2022

By Herbert Lash and Huw Jones NEW YORK/LONDON (Reuters) – Global stocks rose on Friday for a second day on hopes that signs U.S. inflation is cooling means less aggressive…

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News