Data center firm Cologix has secured financing from Canadian investment firm La Caisse.

The companies this week announced they have concluded an agreement for C$240 million (US$175.8m) in senior financing for Cologix's Montréal MTL8 data center.

Located in Technoparc Montréal, MTL8 offers 21MW of capacity across 206,000 sq ft (19,140 sqm). Construction on the site, at 7350 Frederick-Banting Street in the Saint-Laurent area of the city, started in 2023 and has been completed.

La Caisse has provided the entirety of the debt financing to support Cologix's continued investment in the site.

"For close to a decade, we've invested in high-quality digital infrastructure assets that deliver long-term value, supported by strong fundamentals and growing demand for hyperscale capacity and computing power," said Jérôme Marquis, managing director and head of private credit, La Caisse. "Our partnership with Cologix began in 2021, and since then, the company has reinforced its leadership across Canada and in Québec. This third investment reflects our conviction in scalable digital infrastructure platforms that enable businesses and communities to thrive."

Cologix has a portfolio of more than 40 'hyperscale Edge' data centers and interconnection hubs across 12 North American Markets. The company operates 23 data centers in Canada across Montréal (12), Toronto (5), Calgary (1), and Vancouver (5), totaling more than 1 million sq ft (92,905 sqm) and 94MW.

"Canada has always been a core market for Cologix, and this partnership reinforces our continued commitment to investing in critical digital infrastructure across the country," said Scott Schneider, chief financial officer of Cologix. "We have a strong, longstanding relationship with La Caisse, built on shared priorities around responsible growth, long-term value creation, and supporting the growing needs of customers and communities. Together, this partnership positions us well to continue scaling infrastructure in Canada in a thoughtful, sustainable way as demand for cloud, AI, and interconnected services continues to grow."

Last year saw the firm acquire a carrier hotel in Calgary as well as take full ownership of two data centers in Toronto from CIM Group. The company previously acquired two Canadian assets from Cyxtera in 2023. In 2019, the company acquired both Colo-D and Metro Optic to expand its footprint in Canada, while 2021 also saw the company acquire a Zayo facility in Vancouver.

La Caisse, formerly CDPQ and officially Caisse de dépôt et placement du Québec, has assets totaling C$517bn (US$378bn). Founded by the Quebec government, the firm is the second-largest pension fund in Canada.