Fengate invests $1.8B to Canadian data platform eStruxture

In a record data centre deal, investment manager Fengate Infrastructure Fund IV and affiliates announced a $1.8B partnership with eStruxture Data Centres.

Speaking with BNN Bloomberg on Wednesday, Todd Coleman, the founder, president and CEO of eStruxture, explained Artificial Intelligence (AI) is likely to continue to affect the data centre industry.

“The AI boom is most likely going to revolutionize the data centre industry, the asset class as a whole, but I think it’s important to note that boom hasn’t even hit Canada as of today. Today we’re in preparation for it, we’re investing ahead of the curve. Frankly, we plan to see that positive impact, on our business [begin] sometime in the next 12 to 16 months,” Coleman said adding that the impact will be significant. 

“Part of this transaction and investment is to give us financial [power] to invest ahead of the curve, but we think that this could quadruple plus our business over the next three-to-five years.”