Wednesday 2 August 2023

#AbuDhabi’s Mubadala Invests in US-based Aligned Data Centers - Bloomberg

Abu Dhabi’s Mubadala Invests in US-based Aligned Data Centers - Bloomberg

Mubadala Investment Co. invested in a US-based data center that’s majority managed by Macquarie Asset Management, building up the Abu Dhabi wealth fund’s presence in digital infrastructure.

The $276 billion fund will become a minority partner in Aligned Data Centers, it said Wednesday, without disclosing financial details.

Aligned, which offers both scale data centers and build-to-scale infrastructure solutions, will have more than 2.5 gigawatts of capacity across more than 40 data centers at full buildout, making it among the largest private data center operators in the Americas.

Mubadala has been rapidly expanding its global digital infrastructure portfolio. In May, it committed $500 million to Brightspeed, a US-based broadband and telecom services firm, and last year invested $350 million in Asian data-center operator Princeton Digital Group. It has also invested £800 million into CityFibre in the UK.

Data center companies have been attracting strong investor interest, partly due to a perception of stable returns and expectations of ongoing growth as people increasingly rely on technology.

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