GI Partners has announced the simultaneous closing of investments by an oversubscribed, single-asset continuation vehicle and GI Data Infrastructure in Flexential, a provider of secure and flexible data center solutions. Both the continuation vehicle, anchored by funds managed by Hamilton Lane, and the GI Data Infrastructure investment offered existing GI Partners limited partners the option to receive liquidity and provide Flexential with additional equity capital to meet rising demand from enterprise and Artificial Intelligence (AI) customers.
The new capital is expected to accelerate Flexential’s development of next-generation data centers and strengthen its high-density colocation presence across the United States. Together with the investment from funds managed by Morgan Stanley Infrastructure Partners (MSIP), which closed in November 2024, Flexential has raised approximately $1 billion of primary equity to fund the development of its data center pipeline.
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