Apr 09, 2026 | Posted by Abdul-Rahman Oladimeji
Grain Management has taken a stake in the owner of data center firm Prime Data Centers. The digital infrastructure-focused investment firm this week announced it has completed a significant preferred equity investment in Data Realty Holding Corp., the founding and controlling shareholder of Prime Data Centers.
Financial terms of the deal were not disclosed. Grain said the investment will provide structured, long-term capital to optimize Prime’s capital structure and support its next phase of expansion. Prime Data Centers has 7GW of operational and planned capacity across the US and Europe, including locations in Chicago, Phoenix, Austin, Pittsburgh, Los Angeles, Silicon Valley, as well as Frankfurt and Berlin in Germany, Helsinki in Finland, Esbjerg in Denmark, and Madrid in Spain.
"Given Grain's sector expertise across the digital infrastructure landscape and long-standing relationship with Prime, I am pleased to welcome them as a partner," said Nicholas Laag, founder and CEO of Prime. "This partnership represents a crucial step in Prime's continued growth as we expand within our existing markets and pursue new development opportunities."
"We are delighted to partner with Nicholas and the proven management team at Prime, whose vision aligns with Grain's conviction in the long-term growth of digital infrastructure," said Raghav Nayar, managing director and co-head of US Investments at Grain. "Prime has built a differentiated platform at the intersection of accelerating cloud and AI demand, and our ability to engage directly and structure a tailored investment underscores the advantages of a focused, sector-driven approach grounded in discipline and strong management alignment."
