The Caisse de dépôt et placement du Québec is among a group of investors providing up to €750 million in financing to Vantage Data Centers.
The Caisse and Ares Management are each contributing up to €300 million, while Schroders Capital’s private debt and credit alternatives team is contributing up to €150 million. The investment will go towards supporting the expansion of Vantage’s data centre portfolio across Europe, the Middle East and Africa, according to a press release.
In the release, Marc Cormier, executive vice-president and head of fixed income at the Caisse, said the investment organization is committed to supporting the growth of critical digital infrastructure. “This additional flexible capital will fuel Vantage’s strategic capabilities in Europe and builds on [the Caisse’s] track record in the telecommunications and digital infrastructure sectors.”
In other news, the Canada Pension Plan Investment Board is selling Amitra Capital Ltd. to alternative asset manager Arrow Global Group.
Amitra Capital is a Europe-based manager of non-performing loans and real estate investments, holding about €4 billion in assets under management. As part of the deal, the CPPIB is also entering a five-year servicing agreement with Arrow Global. The financial details of the transaction weren’t disclosed.
“The sale of Amitra Capital to Arrow Global and the establishment of a long-term strategic partnership is centred on Arrow Global’s extensive knowledge and experience in real estate asset-backed investments,” said Derek Jackson, managing director and head of European credit at the CPPIB, in a press release. “We have built a strong asset management business in Amitra Capital, which is complementary and valuable to Arrow’s franchise, can access the scale and scope of their platform and we look forward to seeing the combined business move from strength to strength.”
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