Ropes & Gray Advises Partners Group on $1.9 billion investment in EdgeCore Digital Infrastructure.
Ropes & Gray has advised Partners Group, one of the largest firms in the global private markets sector, representing its clients in securing a $1.9 billion equity investment in EdgeCore Digital Infrastructure ("EdgeCore"). EdgeCore is recognized as a leading developer, owner, and operator of scalable hyperscale data centers across the United States. This investment will support the ongoing development and growth of EdgeCore's data center platform.
Lee Kestler, CEO of EdgeCore Digital Infrastructure says: "We will utilize this investment to continue meeting the booming demand for high-density data center space. The market's growth makes institutional partnerships that bring scaled equity capital and debt procurement to the sector more important than ever. Partners Group's substantial equity commitment, coupled with a widely syndicated co-investment from their institutional and high-net-worth clients, will facilitate our platform's further growth."
The team from Ropes & Gray was directed by asset management partners Tom Alabaster and Chris Townsend, alongside associates Candice Kwok, Katerina Kirimli, Andrew Davis, and Calum Foster, as well as trainee George Longworth, tax partner Andrew Howard and associate Chris Shim.
Ropes & Gray LLP is a prominent American multinational law firm - recently listed in the Lawyer Monthly Top Paying Law Firms of 2024 that operates 14 offices across the United States, Asia, and Europe. The firm employs over 1,500 lawyers and professionals worldwide, serving clients that include corporations, financial institutions, government agencies, universities, and health care organizations.
Partners Group Holding AG (Headquarters - Baar, Switzerland) is a global private equity firm headquartered in Switzerland, overseeing assets amounting to US$149 billion across various sectors, including private equity, private infrastructure, private real estate, and private debt. The firm offers a diverse array of funds, structured products, and tailored portfolios to a wide-ranging international clientele, which includes institutional investors, private banks, and other financial entities. To date, Partners Group has executed over 250 private equity investments in its portfolio companies. As of the end of 2021, it ranks as the fifth most valuable publicly traded private markets firm globally, based on market capitalization. Since 2020, Partners Group has also been included in the Swiss Market Index.
