Transaction marks PSP Investments’ successful exit from the Vantage Data Centers’ development platforms in North America and EMEA allowing it to crystallize significant value creation since its initial investment in 2017 and continue optimizing its infrastructure portfolio
Montreal, Canada, June 13, 2024 – Public Sector Pension Investment Board (PSP Investments), one of Canada's largest pension investors, announced today that it has completed the sale of the majority of its stakes in Vantage Data Centers (Vantage), a leading global provider of hyperscale data center campuses, to a consortium of investors, including Silver Lake and DigitalBridge Group, Inc. (NYSE: DBRG). The transaction represents the sale of its positions in the North America and EMEA development platforms for cumulative proceeds of roughly US$ 2.3 billion following its initial investment in 2017.
PSP Investments has been an important partner to Vantage since it joined DigitalBridge in acquiring the company in 2017, supporting growth over the last seven years from 3 data center campuses in two US markets to 34 campuses across five continents, and leading the first ever data center securitization.
"We are very proud of our partnership with Vantage and the value we have created together over the past seven years," said Patrick Samson, Senior Vice President and Global Head of Real Assets Investments at PSP Investments. "It has been a privilege for PSP to participate in and have a front row seat to the tremendous growth and success that Vantage has experienced. From the early days with a few data centers in North America, to a platform operating across the globe, Vantage has done an outstanding job of building a market leading hyperscale data center platform that we are proud to have been a part of. We wish them continued success as part of the DigitalBridge and Silver Lake family."
PSP Investments’ exit is a testament to its value creation strategy and is part of its plan to rebalance its infrastructure portfolio and redeploy capital into new opportunities that align with its long-term investment objectives. PSP remains committed to investing in the digital infrastructure sector, which offers attractive growth prospects and supports the evolving needs of global technology customers.
About PSP Investments
The Public Sector Pension Investment Board (PSP Investments) is one of Canada’s largest pension investors with $243.7 billion of net assets under management as of March 31, 2023. It manages a diversified global portfolio composed of investments in capital markets, private equity, real estate, infrastructure, natural resources, and credit investments. Established in 1999, PSP Investments manages and invests amounts transferred to it by the Government of Canada for the pension plans of the federal Public Service, the Canadian Forces, the Royal Canadian Mounted Police and the Reserve Force. Headquartered in Ottawa, PSP Investments has its principal business office in Montréal and offices in New York, London and Hong Kong. For more information, visit investpsp.com or follow us on Twitter and LinkedIn.
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