en.Wedoany.com Reported - The Canada Pension Plan Investment Board (CPP Investments) announced a $1.75 billion investment to develop artificial intelligence infrastructure in partnership with data center company EdgeConneX and Swedish investment firm EQT. The transaction has been completed, and the funds will support data center construction led by EdgeConneX.
Max Biagosch, Senior Managing Director and Global Head of Real Assets at CPP Investments, stated that the continued adoption of cloud computing and artificial intelligence is accelerating global demand for digital infrastructure. Through this co-investment with EQT, CPP has increased its exposure to sectors supported by long-term demand drivers. He noted that EdgeConneX's scaled global platform, customer relationships, and project development capabilities help meet this demand and create long-term value for CPP's contributors and beneficiaries. Further details on which specific projects the funds will be allocated to have not yet been disclosed.
CPP Investments completed its first direct data center investment in 2017 and currently holds a portfolio of data center joint ventures and investments in Australia, Hong Kong, Japan, Malaysia, Singapore, India, Europe, the United States, South Korea, and Canada. Its total fund size stands at CAD 793.3 billion (approximately USD 565.4 billion).
Founded in 2009, EdgeConneX operates or builds a total of 80 data centers across more than 50 markets in North America, Europe, Asia Pacific, and South America. The company initially focused on smaller-scale data centers in the United States before gradually expanding into custom-built and hyperscale facilities. Reports indicate that EdgeConneX plans to develop over 10 gigawatts of additional data center capacity in the coming years.
In August 2020, EQT's Infrastructure IV fund acquired EdgeConneX from a consortium led by Providence Equity Partners for an undisclosed amount, though earlier rumors suggested a potential price of around $2.5 billion. The following year, EQT's Infrastructure V fund continued to invest in EdgeConneX. In 2024, investment firm Sixth Street acquired a minority stake in the company. Founded in 1994, EQT's other digital infrastructure investments include Zayo, Lumor Fiber, GlobalConnect, Delta Fiber, Arium Networks, Deutsche Glasfaser, and Starcloud.
