Plans to raise up to £400m via a public listing to invest in data centres and digital infrastructure have been launched by Digital 9 Infrastructure.
Digital 9 is a newly established investment trust, managed by Triple Point Management, that will invest in digital infrastructure assets to provide a “reliable, functioning internet.”
It intends to build a portfolio that will comprise “future-proofed, non-legacy, scalable platforms and technologies including (but not limited to) subsea fibre, data centres, terrestrial fibre, tower infrastructure and small cell networks”.
It will primarily focus on digital infrastructure investments that are operational and have an existing customer base.
Among its initial target of investments is a portfolio of US, UK and northern European data centres.
Thor Johnsen, head of digital infrastructure at Triple Point Investment Management, said: “The demands on internet infrastructure are rising exponentially, as more of the world goes online, using more devices, with greater processing power. The world’s digitally connected economies depend on an ecosystem of subsea connections, data centres, wireless towers and terrestrial fibre. Existing infrastructure cannot cope with the expected demand.”
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