Digital infrastructure investment firm Macquarie Capital, has just formed a partnership with Prime Data Centers, a California-based data center developer and operator, to enable Prime Data Centers accelerate the development of its 400MW project plan across America and Europe.

Through this partnership, Macquarie Capital made an equity investment, and further avail its infrastructure investing and development capabilities to Prime with targeted capital investments in excess of $5 billion over the next 10 years.

“Macquarie Capital is an excellent fit for us, not only because of the strategic nature that is truly unique and a potential paradigm shift in solving for the delivery of sustainable mission critical infrastructure on demand at whatever capacity, but also because of their long-term investment horizon to really scale and leverage our mutual assets and people. We are planning for 10 and 20 years and not only one, three or five years, which we believe will align well with customers,” said Nicholas Laag, CEO and founder of Prime Data Centers.

As announced, this investment is being led by specialists within Macquarie Capital’s Infrastructure Investment and Development team that focus on asset creation and stabilization opportunities within the broader digital infrastructure ecosystem, including towers, data centers, fiber, small cells and other related digital infrastructure assets.

“Data centers are a critical component of the digital infrastructure system and innovative developers such as Prime are positioned to deliver flexible, strategic solutions that data-reliant companies need more than ever,” said Mark Bradshaw head of Infrastructure Investment and Development for Europe & Americas at Macquarie Capital.

“With this partnership and investment, Macquarie Capital can leverage its green energy platform, financial capabilities and its global digital infrastructure experience to help Prime Data Centers accelerate the development of a promising project pipeline of 400MW and drive long-term growth.”

In 2020, Macquarie Infrastructure Debt Investment Solutions (MIDIS), also an arm of Macquarie, made its first investment in the data center sector through supporting Vantage Data Centers in the acquisition of Next Generation Data (NGD).