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King Street acquires majority interest in AI data center operator, Colovore
Other - MAY 21, 2024

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King Street acquires majority interest in AI data center operator, Colovore

by Released

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

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