Goldman Sachs Merchant Banking Division has announced the formation of a new data center infrastructure company Global Compute Infrastructure LP.

With an initial commitment of up to $500 million in equity capital, Goldman Sachs Merchant Banking Division (GS MBD) expects the new company to grow through a combination of acquisitions and organic development, enabling approximately $1.5 billion in near-term investments deployed across North America, Europe, Asia Pacific and Latin America.

“We are incredibly excited about partnering with Scott and the Global Compute team. We see a tremendous opportunity in the data center space driven by increasing computing and storage demand and we believe the Global Compute team, backed by the global resources of Goldman Sachs, is uniquely positioned to deliver world class solutions to meet that demand,” said Leonard Seevers, Managing Director at Goldman Sachs.

Global Compute Infrastructure will be led by Scott Peterson as the Chief Executive Officer. He was the Chief Investment Officer and co-founder of Digital Realty with over 18 years of data center industry experience and about 30 years in the real estate investment ecosystem. Scott is joined by a fellow Digital Realty co-founder Christopher Kenney who will now serve as COO, and former senior Digital Realty executive in EMEA, Stephen Taylor as the new Head of Europe.

“Goldman Sachs is the perfect partner for us as we pursue global investment opportunities in the data infrastructure space,” said Scott Peterson, CEO of Global Compute.

“Our combined global pedigrees and networks, together with GS MBD’s access to ample growth capital, will allow the Global Compute platform to not only serve the critical needs of our customers around the world, but also create and unlock value for our partners. Our initial investment in ATM S.A. is an ideal illustration of this collaboration. We are extremely enthusiastic about our partnership with Goldman Sachs enabling us to provide creative solutions for our global customers.”

As announced, Global Compute has already signed an agreement to acquire ATM S.A., a data center and communications infrastructure business in Poland from a consortium of funds managed by MCI Capital, a technology-focused private equity in CEE, and Mezzanine Management.