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SAVRN Research · Capital Atlas · Private equity and infrastructure

EQT Data Center Capex and Sites

EQT (total AUM EUR 270 billion) owns EdgeConneX, which has grown to 80 data centers across 50+ markets with CPP Investments committing US$1.75 billion to the EQT/EdgeConneX AI build-out. EQT Infrastructure VI closed at its EUR 21.5 billion hard cap in March 2025, and in April 2026 EQT introduced a dedicated AI Infrastructure strategy citing more than $100 billion of digital and energy assets and an EdgeConneX plan exceeding 10GW. It agreed to acquire Carlyle's Copia Power at approximately $2.6 billion and took Crown Castle's Small Cells business (Arium Networks) in the combined $8.5 billion Crown Castle transaction.

Updated October 8, 2026 1 named site 8 financing transactions 3 sourced facts 18 sources
EQT
Private equity and infrastructure
Financing regimeflagship infrastructure fund equity with pension co-investment
Named sites
1
Site-level commitments the atlas ties to EQT
Disclosed site capital
n.a.
Sum of named sites with a stated dollar figure. Not a capex total; see the spending table
Disclosed capacity
n.a.
Sum of named sites with a stated megawatt figure
Financing transactions
8
Transactions naming EQT or tied to one of its sites
Spending

Reported and guided spending

Audited, reported and guided figures as the filing or release states them. Reported lines are what was spent; guidance is what management said it expects. They are shown side by side and never combined.

PeriodKindAmountAs statedSources
Apr 2026 aum n.a.
total AUM EUR 270 billion (EUR figure, no USD conversion given); global infrastructure AUM EUR 75 billion and total AUM EUR 269 billion at the March 2025 fund close
Apr 2026 reported ≥$100B
more than $100 billion of digital and energy assets, more than 90 data centers, EdgeConneX plan exceeding 10GW (an approximately 20x scaling)
Named sites

Where EQT builds

Indiana
1 site
Open the Indiana investment tracker →
SiteStatePlaceCapitalMWStatusSources
Mt. Comfort Technology Campus (northwest of County Roads 500 North and 500 West, Buck Creek Township)
with Wabash Valley Power Association (substation interconnection)
 Indiana Buck Creek Township, Hancock County n.a. n.a. proposed
Financing

Financing transactions

Transactions that name EQT as a party or attach to one of its named sites. Amounts are as stated; overlapping commitments are never summed.

PartiesInstrumentAmountDateSiteSources
AES Corporation + Global Infrastructure Partners (BlackRock) + EQT Infrastructure + CalPERS + Qatar Investment Authority
A consortium led by BlackRock's Global Infrastructure Partners and EQT, with CalPERS and the Qatar Investment Authority, received CFIUS clearance to acquire AES, parent of AES Ohio, with closing expected in late 2026 or early 2027 subject to remaining approvals. Ohio lawmakers and consumer advocates asked PUCO for local hearings, citing BlackRock's data center investments as a potential conflict given AES's data-center-driven load growth.
 Take-private acquisition at $15 per share in cash ~$10.7B Agreed March 2026; PUCO staff recommended approval July 2026; CFIUS approval received Thursday 27 August 2026 and disclosed 28 August 2026 n.a.
Zayo + Crown Castle + EQT Active Core Infrastructure
Zayo, a DigitalBridge portfolio company that has invested more than $35 billion in its network, acquired Crown Castle's Fiber Solutions business.
 acquisition $8.5B agreed, then completed n.a.
Carlyle (seller) + EQT
Carlyle agreed to sell its power and AI infrastructure platform Copia Power to EQT.
 acquisition ≥$2.6B completion expected by the end of 2026 Copia Power site west of Phoenix (AZ)
CPP Investments + EQT + EdgeConneX
CPP Investments commitment into the EdgeConneX build-out; Sixth Street took a minority stake in 2024. CPP Investments announced the investment on 3 July 2026 and said the transaction had closed following customary approvals. EdgeConneX plans more than 10 GW of additional data centers
 equity raise $1.8B Announced and closed 3 July 2026 n.a.
EQT Infrastructure IV + EdgeConneX + EQT
EQT's entry into data centers via EdgeConneX, which has since grown to 80 data centers across 50+ markets.
 acquisition n.a. closing expected Q4 2020 n.a.
EQT
EQT Infrastructure VI held its final close at its hard cap, when EQT's global infrastructure AUM was EUR 75 billion.
 equity raise n.a. final close March 28, 2025 n.a.
Sixth Street + EQT + EdgeConneX
Sixth Street took a minority strategic stake in EdgeConneX in September 2024.
 equity raise n.a. September 2024 n.a.
EdgeConneX + EQT + Natixis + BBVA
EQT-backed EdgeConneX is in talks with lenders including Natixis and BBVA on a letter of credit facility to guarantee up to $2.5 billion of power costs. The facility would help the company secure power for data center sites
 debt facility n.a. Reported by Bloomberg 14 August 2026 n.a.
The record

Sourced facts on EQT

  • EQT Infrastructure IV agreed to acquire EdgeConneX with closing expected in Q4 2020, when EdgeConneX operated 40+ facilities across 33 markets; Sixth Street took a minority stake in 2024.
  • EQT's involvement with Constellation is n.a. on the evidence gathered; Constellation appears in this dataset as CyrusOne's power counterparty following its $16.4 billion Calpine acquisition.
  • Pause exposure: n.a.
Sources

Sources for EQT

Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.

Private equity and infrastructure: one page each

Antin Infrastructure Partners 0Apollo Global Management 0Ares Management 2BlackRock / GIP / AI Infrastructure Partnership 0Blackstone 5Brookfield (BAM / Brookfield Infrastructure Partners) 2Copenhagen Infrastructure Partners 1DigitalBridge 5EQT 1Global Infrastructure Partners (as a distinct platform) 0I Squared Capital 0IPI Partners / Blue Owl 1KKR 3Macquarie Asset Management 1Oaktree Capital Management 1Pensions & Sovereign Wealth Funds (CalPERS, CPPIB, CDPQ/La Caisse, OTPP, PSP, ADIA, GIC, Mubadala, MGX) 0Silver Lake 0Stonepeak 2The Carlyle Group 2

The figure beside each provider is its count of named sites in the atlas.

Part of the North American Data Center Capital Atlas, refreshed every Tuesday, Thursday and Saturday. Site commitments overlap reported capital expenditure and overlap one another, so this page shows each figure as its source states it and never adds them into a single deployment number. Informational, not investment advice.
The SAVRN reference set

Seven references, one system

Capital, delay, policy, water, grid, permits and scarcity are one system seen from seven sides. Each reference is primary-sourced, refreshed on a schedule, and links into the others, so a project can be followed from the money committed to the docket that stopped it.

Delay Watchlist
Project-level slippage: named projects, jurisdictional actions, utility and federal dockets, SEC disclosures, and the interconnection queue.
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Moratorium Tracker
The policy layer: every state measure and local moratorium mapped and cited, with one page per state.
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Water Tracker
Every federal, state, local and interstate water measure that touches a data center, plus a fifty-state water ledger.
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Grid Operator Watchlist
ERCOT, PJM, MISO, CAISO, SPP, NYISO, ISO-NE and FERC: the large-load rules, filings and queue positions that decide whether a site can energize.
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Permits and Power Development
Data center and substation permits, large loads in the interconnection queues, and the power plants planned to serve them, refreshed hourly from public records.
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SAVRN Scarcity Tracker
Eleven primary-sourced indicators of AI infrastructure scarcity, one composite index, read against the token index, SAVRN's own cost basis and the frontier ceiling.
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