• About Us
  • Partnership Opportunities
  • Privacy Policy

Data Center Frontier

Charting the future of data centers and cloud computing.

  • Cloud
    • Hyperscale
  • Colo
    • Site Selection
    • Interconnection
  • Energy
    • Sustainability
  • Cooling
  • Technology
    • Internet of Things
    • AI & Machine Learning
    • Edge Computing
    • Virtual Reality
    • Autonomous Cars
    • 5G Wireless
    • Satellites
  • Design
    • Servers
    • Storage
    • Network
  • Voices
  • Podcast
  • White Papers
  • Resources
    • COVID-19
    • Events
    • Newsletter
    • Companies
    • Data Center 101
  • Jobs
You are here: Home / Finance / Macquarie Invests in Prime Data Centers, Sees Major Growth Ahead

Macquarie Invests in Prime Data Centers, Sees Major Growth Ahead

By Rich Miller - June 24, 2021

Macquarie Invests in Prime Data Centers, Sees Major Growth Ahead

The Prime Data Centers Campus in Sacramento. (Image: Prime Data Centers)

LinkedinTwitterFacebookSubscribe
Mail

Global infrastructure investor Macquarie continues to invest heavily in the data center sector. Its latest initiative is a strategic partnership with Prime Data Centers, a California developer with projects in Sacramento and Santa Clara and more in the pipeline.

Macquarie Capital, the investment arm of Macquarie, will make an equity investment in Prime and commit significant capital to its future growth, potentially making Prime a much larger player in data center development. The partnership has targeted capital investments in excess of $5 billion over the next 10 years.

The partnership is the latest example of how investor interest in digital infrastructure is driving rapid growth for the data center industry. This trend is creating opportunities for teams like Prime, a relatively new player that has built a ” robust pipeline of data center projects throughout the Americas and Europe,” according to Macquarie.

“Data centers are a critical component of the digital infrastructure system and innovative developers such as Prime are positioned to deliver flexible, strategic solutions that data-reliant companies need more than ever,” said Mark Bradshaw, Head of Infrastructure Investing and Development for Europe & Americas at Macquarie Capital. “With this partnership and investment, Macquarie Capital can leverage its green energy platform, financial capabilities and its global digital infrastructure experience to help Prime Data Centers accelerate the development of a promising project pipeline of 400MW and drive long-term growth.”

Macquarie Infrastructure Partners has been an active acquirer in the U.S. data center market, and is the majority owner of Aligned, Netrality and Bluebird Networks,  supporting significant expansions of their operations.

Prime Sees ‘Potential Paradigm Shift’

Prime is a privately-held developer based in Sacramento, where it is developing a campus at McClellan Park with room for up to six data center buildings. The company recently announced an 8 megawatt build-to-suit lease with a publicly-traded global enterprise.

The Sacramento project is one of several California developments for Prime Data Centers, which was founded in 2019 and offers customers flexible ownership and leasing models for their projects, with options including sale-leasebacks or greenfield developments. The company also owns a fully-leased data center in Hayward, Calif. and is developing a 9 megawatt data center in Santa Clara in Silicon Valley.

Macquarie Capital will bring its infrastructure investing and development franchise to the partnership. Prime CEO and Founder Nicholas Laag said the investment provides his team with the ability to be a long-term player in digital infrastructure.

“Macquarie Capital is an excellent fit for us, not only because of the strategic nature that is truly unique and a potential paradigm shift in solving for the delivery of sustainable mission-critical infrastructure on demand at whatever capacity, but also because of their long-term investment horizon to really scale and leverage our mutual assets and people,” said Laag. “We are planning for 10 and 20 years and not only one, three or five years, which we believe will align well with customers.”

Macquarie Capital’s Infrastructure Investment and Development team focuses on asset creation and stabilization opportunities within the digital infrastructure ecosystem, including towers, data centers, fiber, small cells and other related digital infrastructure assets. This team invests balance sheet capital to sponsor, develop and grow landmark projects that create new digital, transport and social infrastructure.

Macquarie Capital currently has over $25 billion of infrastructure projects under construction or development and is an industry leader across transportation, social, communications, renewable energy, and conventional energy infrastructure.

LinkedinTwitterFacebookSubscribe
Mail

Tagged With: Macquarie, Prime Data Centers

Newsletters

Stay informed: Get our weekly updates!

Are you a new reader? Follow Data Center Frontier on Twitter or Facebook.

About Rich Miller

I write about the places where the Internet lives, telling the story of data centers and the people who build them. I founded Data Center Knowledge, the data center industry's leading news site. Now I'm exploring the future of cloud computing at Data Center Frontier.

  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • Twitter

Voices of the Industry

Overcoming Supply Chain Roadblocks: How to Avoid Disruptions in Your Data Center

Overcoming Supply Chain Roadblocks: How to Avoid Disruptions in Your Data Center The data center industry continues to experience significant global supply chain problems. Brett Williams of Service Express, explores the importance of leveraging the secondary hardware market to overcome supply chain roadblocks.

White Papers

edge data centers

User Experience is Everything at the Edge

Under the legacy approach of centralized data centers and core networks, too many challenges around capacity, lower latency and cost exist. Get the new report from EdgeConnex that explores how edge data centers can solve for these issues by moving computing and data storage closer to the end-user, thus enabling higher capacity, lower latency and reduced expenditures — and ultimately, improving user experience.

Get this PDF emailed to you.

We always respect your privacy and we never sell or rent our list to third parties. By downloading this White Paper you are agreeing to our terms of service. You can opt out at any time.

DCF Spotlight

Data center modules on display at the recent Edge Congress conference in Austin, Texas. (Photo: Rich Miller)

Edge Computing is Poised to Remake the Data Center Landscape

Data center leaders are investing in edge computing and edge solutions and actively looking at new ways to deploy edge capacity to support evolving business and user requirements.

An aerial view of major facilities in Data Center Alley in Ashburn, Virginia. (Image: Loudoun County)

Northern Virginia Data Center Market: The Focal Point for Cloud Growth

The Northern Virginia data center market is seeing a surge in supply and an even bigger surge in demand. Data Center Frontier explores trends, stats and future expectations for the No. 1 data center market in the country.

See More Spotlight Features

Newsletters

Get the Latest News from Data Center Frontier

Job Listings

RSS Job Openings | Pkaza Critical Facilities Recruiting

  • Critical Power Energy Manager - Data Center Development - Ashburn, VA
  • Site Development Manager - Data Center - Ashburn, VA
  • Data Center Facility Operations Director - Chicago, IL
  • Electrical Engineer - Senior - Dallas, TX
  • Mechanical Commissioning Engineer - Calgary, Alberta

See More Jobs

Data Center 101

Data Center 101: Mastering the Basics of the Data Center Industry

Data Center 101: Mastering the Basics of the Data Center Industry

Data Center Frontier, in partnership with Open Spectrum, brings our readers a series that provides an introductory guidebook to the ins and outs of the data center and colocation industry. Think power systems, cooling, solutions, data center contracts and more. The Data Center 101 Special Report series is directed to those new to the industry, or those of our readers who need to brush up on the basics.

  • Data Center Power
  • Data Center Cooling
  • Strategies for Data Center Location
  • Data Center Pricing Negotiating
  • Cloud Computing

See More Data center 101 Topics

About Us

Charting the future of data centers and cloud computing. We write about what’s next for the Internet, and the innovations that will take us there. We tell the story of the digital economy through the data center facilities that power cloud computing and the people who build them. Read more ...
  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

About Our Founder

Data Center Frontier is edited by Rich Miller, the data center industry’s most experienced journalist. For more than 20 years, Rich has profiled the key role played by data centers in the Internet revolution. Meet the DCF team.

TOPICS

  • 5G Wireless
  • Cloud
  • Colo
  • Connected Cars
  • Cooling
  • Cornerstone
  • Coronavirus
  • Design
  • Edge Computing
  • Energy
  • Executive Roundtable
  • Featured
  • Finance
  • Hyperscale
  • Interconnection
  • Internet of Things
  • Machine Learning
  • Network
  • Podcast
  • Servers
  • Site Selection
  • Social Business
  • Special Reports
  • Storage
  • Sustainability
  • Videos
  • Virtual Reality
  • Voices of the Industry
  • Webinar
  • White Paper

Copyright Data Center Frontier LLC © 2022