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Power Sustainable Infrastructure Credit Manager L.P. Announces Its Inaugural Investment with a Term Loan to Vantage Data Centers
Power Sustainable Infrastructure Credit Manager L.P. Announces Its Inaugural Investment with a Te...
About this update from Power Corporation Of Canada
[{"type":"text","content":"\n \n \n \n Power Sustainable Infrastructure Credit Manager L.P. Announces Its Inaugural Investment with a Term Loan to Vantage Data Centers\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n MIAMI\n \n and\n \n MONTREAL\n \n \n ,\n \n \n Nov. 2, 2023\n \n \n /CNW/ -- Power Sustainable, an alternative asset manager and wholly-owned subsidiary of Power Corporation of\n \n Canada\n \n (TSX:POW), today announced an investment in Vantage Data Centers (\"Vantage\") through its Power Sustainable Infrastructure Credit Manager L.P. (\"PSIC\") platform. Vantage is a leading global developer and operator of data center campuses with approximately 2.0 Gigawatts (GW) of critical IT capacity, including both operational and under development data centers, across 30 campuses in five continents. Vantage is owned by a consortium of investors led by DigitalBridge Group, Inc. (\"DigitalBridge\"), a global alternative asset manager dedicated to digital infrastructure investments.\n \n \n Proceeds from the term loan will be used to facilitate the continued buildout of Vantage's high-quality data center portfolio as it continues to expand its footprint across key North American markets.\n \n \n \"We are thrilled to be partnering with Vantage and look forward to supporting the company as it executes on a robust project pipeline that will add critical, energy-efficient hyperscale data center capacity to the North American market. Vantage's strong commitment to building and operating data centers that prioritize sustainability and environmental responsibility is fully aligned with our stainability objectives,\" said\n \n Daniel Fein\n \n , Principal at PSIC.\n \n \n Data centers are increasingly critical infrastructure to society given the growth in cloud computing, data consumption, generative AI, and other factors. Power Sustainable views Vantage as a best-in-class developer and operator of hyperscale data centers that demonstrate industry-leading energy and water usage efficiency.\n \n \n This investment represents PSIC's inaugural investment ...