Ropes & Gray has advised Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, on the raising of a $1.9 billion equity investment in portfolio company EdgeCore Digital Infrastructure (“EdgeCore”), a leading developer, owner, and operator of scalable hyperscale data centers in the US. The investment will fund the continued development and expansion of EdgeCore’s data center platform.
The investment is the second equity capital raise that Partners Group has led since acquiring EdgeCore in 2022 and was conducted in conjunction with the firm’s clients. The capital will be used for expansion across EdgeCore’s existing locations, in Ashburn, VA, Phoenix, AZ, Reno, NV, and Silicon Valley, CA, and the development of its recently announced data center campus in Culpeper, VA.
The Ropes & Gray team was led by asset management partnersĀ Tom AlabasterĀ andĀ Chris Townsend, with associatesĀ Candice Kwok,Ā Katerina Kirimli,Ā Andrew Davis,Ā Calum FosterĀ andĀ George Longworth. Other members of the team included tax partnerĀ Andrew HowardĀ and associateĀ Chris Shim.
Earlier this year, a Ropes & Gray team ā also led by Tom Alabaster and Chris Townsend ā advised Partners Group, acting on behalf of its clients, on itsĀ investment in eStruxture Data Centers, the largest Canadian data center platform.
