Wednesday, October 21, 2020

Goldman Sachs Merchant Banking Division commits to form data centre platform Global Compute

KUALA LUMPUR, Oct 21 -- The Goldman Sachs Merchant Banking Division (GS MBD) has partnered with a seasoned management team, led by long-time data centre industry executive, Scott Peterson, to form Global Compute Infrastructure LP (Global Compute).

GS MBD has initially committed to fund up to US$500 million of equity capital, primarily from its infrastructure fund, West Street Infrastructure Partners III LP, to enable approximately US$1.5 billion in near-term investments deployed across North America, Europe, Asia Pacific and Latin America. (US$1 = RM4.14)

“We see a tremendous opportunity in the data centre space driven by increasing computing and storage demand and we believe the Global Compute team, backed by the global resources of Goldman Sachs, is uniquely positioned to deliver world-class solutions to meet that demand,” said Goldman Sachs Managing Director, Leonard Seevers.

Global Compute, a newly-established global data centre infrastructure platform, intends to grow through a combination of acquisitions and organic development to serve customers in geographies with strong secular tailwinds and potential for significant data infrastructure growth.

Leveraging the experience and track record of the management team, Global Compute will focus on acquiring and developing facilities which can meet the growing compute, storage, connectivity and colocation deployment needs of the world’s largest technology companies.

The Global Compute team has the specialised experience, deep customer relationships and breadth of capabilities to deliver best-in-class data centre infrastructure globally, according to a statement.

The Goldman Sachs Group Inc is a leading global investment banking, securities and investment management firm, whereby GS MBD is the primary centre for the firm’s long-term principal investing activity.

-- BERNAMA

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