Pennybacker at $388m for debut infra fund, US

Texas-based Pennybacker Capital has disclosed $388 million raised through its first infrastructure fund, SEC filings show

Spring Lane agrees data center financing, US

SLC has entered into a term sheet to commit at least $20 million for the 35MW phase of Soluna’s Project Kati, a behind-the-meter data center project in Willacy County, Texas

Era Partners in market with second fund, US

Era Partners – formerly Aimpera Partners – is in the market with its second flagship infrastructure fund, SEC filings show

Crusoe secures financing for AI factories, US

Crusoe has secured a $750 million credit facility from Brookfield Asset Management for the development of AI factories

GIP V passes $25bn target, US

Global Infrastructure Partners has passed the $25 billion target for its fifth flagship infrastructure fund, parent firm BlackRock said in an investor day presentation today

China launches wind-powered data centre

China has launched the world's first commercial underwater data centre powered by an offshore wind farm in Shanghai

UPDATE: Ares reaches final close on Japan data centre fund

Ares Management has reached final close on its first Japan-focused data centre development fund, securing ¥350 billion in total equity commitments

Ardian eyes infra co-invest fund, France

Ardian expects to launch a dedicated infrastructure co-investment strategy in the longer term after having made several co-invest deals into the sector over 2024, IJGlobal can reveal

D9 completes SeaEdge sale, repays RCF, UK

Digital 9 Infrastructure has completed the sale of its interest in SeaEdge UK1 to Stellium Datacenters for £10.7 million, using the proceeds to repay and cancel its revolving credit facility as part of an ongoing fund wind-down strategy

Cordiant strengthens infra direct lending team, UK

Cordiant Capital has appointed Haig Bezian as managing director within its infrastructure credit investment practice, as the firm seeks to expand its direct lending platform across mission-critical infrastructure and real assets

JP Morgan to syndicate $9bn financing for TX data centre

JP Morgan is looking to syndicate the $9 billion in debt financing it has provided for OpenAI’s Abilene, Texas-sited data centre facility, IJGlobal can reveal

Ripple Fiber agrees to acquire BridgeNET Fiber, US

Ripple Fiber has agreed to acquire BridgeNET Fiber, an internet service provider based in Statesville, North Carolina

Citi appoints head of markets, Indonesia

Citi has appointed Benny Aroeman as its head of markets for Indonesia

B.Grimm, Digital Edge form JV for Thai data centres

B.Grimm Power and Digital Edge have formed a JV to develop hyperscale and AI-ready data centre campuses in Thailand