Global Infrastructure Partners (GIP) has provided a new loan facility to data center operator Vantage.

The infrastructure investor this week announced today that its credit fund, GIP Capital Solutions Fund II (GIP CAPS II), together with affiliates and co-investors, has invested in a term loan facility of up to $450 million in Vantage Data Centers.

Vantage DC.JPG
– Vantage Data Centers

GIP structured and acted as the lead investor in this transaction, which was supported by the company’s consortium of investors led by DigitalBridge.

Proceeds will go towards Vantage’s continued build-out across North American markets.

“We are pleased to have entered into this transaction with Vantage and its sponsors,” said Jon Plavnick, managing director at GIP Credit.

“This financing illustrates our strong and productive partnership with Vantage, a leading firm within the global hyperscale data center sphere. It is also consistent with GIP CAPS’ strategy of seeking to invest in high-quality assets with attractive cash flow characteristics.”

GIP has approximately $100 billion in assets under management. In 2021/2022, the company acquired CyrusOne alongside KKR in a $15bn deal. This week’s deal represents the eighth investment made by GIP CAPS II.