Columbia Capital (ColCap), the management team from Cologix and the van Rooyen family office have launched a new data center company known as Tract.
The company is seeking $1 billion in funding to build a portfolio of land for hyperscale and wholesale data centers, according to multiple news sources. The fund has identified 40,000 acres of potential investment sites in locations such as Utah and Nevada.
The van Rooyens are investing an initial $50 million in the company, which is also seeking other investors.
The new company will be run by Grant van Rooyen, former CEO and president of Cologix.