EQT has announced a strategic partnership between the EQT Infrastructure VI fund and EdgeConneX to develop and manage purpose-built data centers catering to hyperscale customers globally, while also expanding into new markets. EdgeConneX, a prominent data center provider, is supported by funds from EQT Infrastructure IV and EQT Infrastructure V. Since EQT’s acquisition in 2020, EdgeConneX has significantly increased its capacity, ventured into new regions like Asia, Latin America, and additional European markets, establishing a global presence with 80 operational or under-development data centers across North America, Europe, APAC, and South America.
The data center industry’s sustained growth is underpinned by trends such as digitalization, cloud adoption, and the increasing prevalence of artificial intelligence (AI). Projections indicate a tripling of capacity required to accommodate AI-focused deployments by 2030. The collaboration between EQT Infrastructure VI and EdgeConneX aims to construct hundreds of megawatts of data center capacity, vital for supporting hyperscale customers and meeting the evolving needs of digital economies worldwide.
Jan Vesely, a partner in EQT Infrastructure’s Advisory team, emphasized that with EQT Infrastructure’s global presence, industry expertise, and commitment to sustainable growth, EdgeConneX is well-positioned to emerge as a leading provider of essential digital infrastructure on a global scale. EdgeConneX CEO Randy Brouckman highlighted the customer-centric approach, focusing on delivering the necessary capacity in the right markets at the right time. He expressed excitement about the partnership with EQT, envisioning it as an opportunity to unlock new possibilities for growth.
The transaction is anticipated to bring EQT Infrastructure VI to 30-35 percent invested, factoring in the target fund size and including closed or signed investments, announced public offers, and any expected syndication. This partnership reflects the strategic alignment of EQT and EdgeConneX to address the increasing demand for data center solutions in an era of expanding digitalization and technological advancements.
