By Robb M. Stewart
KKR and private equity firm Oak Hill Capital are committing close to $2 billion to a European data center platform, adding the wave of money being invested in data centers as the AI build-out continues to draw vast amounts of capital.
KKR said Wednesday it will invest an additional $1.5 billion of equity in Global Technical Realty, a platform it founded alongside data center entrepreneur Franek Sodzawiczny. Oak Hill will join as an investor in the company, committing about $400 million.
The new commitments will help support GTR's development pipeline, including additional greenfield capacity and new market entries across Europe to meet demand for compute and cloud infrastructure, the investment firms said.
Since the launch of the platform in 2020, GTR has established a footprint in what the companies said were primary and emerging high-growth markets, delivering data centers designed to meet the requirements of hyperscale, cloud and AI-driven workloads.
KKR said it is funding the investment primarily from its global infrastructure strategy. It has committed roughly $34 billion of equity into digital infrastructure across 24 investments.
Oak Hill's investment in GTR is its fourth platform investment in data centers.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
01-07-26 0750ET
