Sixth Street acquires minority stake in EdgeConneX

Investment firm Sixth Street has acquired a minority stake in data center firm EdgeConneX from EQT as both companies announced that the EQT Infrastructure IV and V funds have signed an agreement to sell a minority stake in EdgeConneX to funds managed by Sixth Street. Infrastructure will remain the largest shareholder following the closing of the transaction.

“With this transaction, EQT believes EdgeConneX is well-equipped to deliver scalable, high-performance data center solutions that will power the next generation of AI,” said Jan Vesely, partner within EQT Infrastructure’s advisory team.

Julian Salisbury, co-chief investment officer at Sixth Street, added: “EdgeConneX is well-positioned for future success with the scale, high-quality performance, and expanding capabilities required to meet the increasing global demand for data center capacity and services.”

Sixth Street was established in 2009 as a strategic partnership with TPG. The firm has $80 billion in assets under management and committed capital and has investments across software, life sciences, sports, finance, digital infrastructure, real estate, energy, and agriculture. It previously invested in AirTrunk prior to its 2020 acquisition by Macquarie.