Investment firm working with principals of Commonwealth Asset Management
Investment firm Silver Lake has launched a new data center-centric, powered land platform.
The company, along with Adam Fisher and Peter Rumbold of Commonwealth Asset Management, this week announced the launch of the digital infrastructure platform.
The new unnamed venture launches with $400 million of capital to “assemble a global portfolio of strategically located powered land sites” for data centers.
“By integrating grid power and behind-the-meter generating solutions into scalable land sites, the platform’s approach ensures rapid energization and maximizes land site readiness, significantly enhancing strategic value for data center developers and technology companies,” Silver Lake said.
The platform is currently operating in and targeting high-growth markets across the US, Canada, and the UK.
Further details weren’t shared in the release, but the WSJ reports the new venture has secured 3GW of power and is developing sites in Texas and Georgia.
The partners told the publication they expect this phase of the project will total 6GW in various sites across North America. The platform will reportedly develop new power generation capabilities in some cases.
"This investment represents a long-term commitment to not only meeting the immediate needs of AI-driven data center growth but also positioning the company as a leader in the future of digital infrastructure and a one-stop shop for rapidly growing developers and hyperscalers," said Lee Wittlinger, managing director at Silver Lake. "Our innovative approach to land and power solutions, combined with strategic relationships with key energy partners, will enable us to meet the evolving demands of hyperscalers with a holistic, differentiated approach."
"Data centers are a critical infrastructure in modern society, and, with the immense growth of AI and cloud computing, the ability to deploy large-scale data centers rapidly with secure, scalable power is crucial," said Adam Fisher, founder and chief investment officer at Commonwealth."With our combined expertise at the cross-section of real estate, infrastructure, and technology, we’re excited to partner with Silver Lake to create a platform that is uniquely positioned to take advantage of this demand by providing turnkey land and power solutions in highly strategic global locations to transform the future of digital infrastructure."
Silver Lake is a global technology investment firm with approximately $103 billion in assets under management. Its data center investments include a stake in Vantage and UAE firm Khazna, as well as a majority stake in Intel’s Altera FPGA unit.
Silver Lake launched Vantage in 2010 as a single data center campus on a former Intel site in Santa Clara, California. Digital Bridge acquired Vantage in 2017. The two companies reinvested in Vantage last year.
Founded in 2019, Commonwealth Asset Management is a California-based investment firm specializing in Real Estate.
