Argo Infrastructure Companions has elevated its possession stake in TierPoint, taking a majority curiosity.
Argo has now invested round $700 million in TierPoint since 2020.
Based in 2010, TierPoint portfolio totals 40 information centres in 20 markets throughout the US, offering essential colocation, interconnection and managed providers to over 3,000 clients. Along with $1.6 billion of securitisation issuances over the previous 12 months, a complete of $2.3 billion has been invested in TierPoint since 2020.
“TierPoint is without doubt one of the highest high quality enterprise-class information centre platforms and has an unparalleled monitor file within the trade for dependable operations and power effectivity,” mentioned Brice Soucy, Argo Senior Director and TierPoint Board Member.
“This has positioned us to capitalise on the unprecedented demand for each enterprise colocation and high-density colocation providers, that are essential infrastructure for compute-intensive workloads, together with synthetic intelligence and machine studying purposes.
“We now have confidence this demand will translate into a big progress of the portfolio over the long-term and can cement TierPoint as a go-to supplier on this high-growth sector.”
Argo’s funding in TierPoint kinds a part of its Argo Sequence 3 funds.
“We’re happy to broaden our funding in TierPoint, reaffirming our dedication as a devoted, long-term investor within the distinctive platform. TierPoint’s sturdy contractual income profile, coupled with the achievement of an investment-grade profile on the ABS and its environmental stewardship, absolutely aligns with Argo’s long-term sustainable infrastructure thesis. We sit up for persevering with to assist the long-term progress of our collective platform in partnership with our securitisation investor companions,” added Jason Zibarras, Founding Companion of Argo.
