The infrastructure arm of Goldman Sachs Group is planning to pour $500 million into Global Compute Infrastructure, a data center platform launched by former Digital Realty Trust CIO Scott Peterson, according to Bloomberg.
The platform is expected to have some $1.5 billion in buying power and will focus on deals in North America, Europe, Latin America and Asia Pacific.
“We think the industry has tremendous tailwinds amid continued penetration of cloud service providers,” said Scott Lebovitz, global co-head and co-CIO of Goldman’s infrastructure investment group. “Digital migration trends, already under way before the COVID-19 pandemic hit, have accelerated.”
Goldman Sachs and its fund investors could also contribute additional capital to the platform, as buying opportunities present themselves.
