King Street Capital Management, a global investment firm, has acquired a majority ownership stake in Colovore, a Silicon Valley–based data center operator that specializes in liquid-cooled, high-density colocation for AI and high-performance computing (HPC).
The transaction will leverage King Street's deep real estate platform to support Colovore's continued growth to meet increased demand for liquid-cooled data center solutions. Terms of the transaction were not disclosed. The existing management team of Colovore will remain in place to rapidly expand the business.
"The next-generation chips and power-dense platforms that support AI and other high-performance computing applications are quickly overwhelming legacy, air-cooled data centers," said Brian Higgins, co-founder and managing partner of King Street. "Colovore is uniquely positioned to meet the needs of these high-density customers, with a business focused exclusively on liquid-cooled data centers and over a d